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Number of Billionaires in India Grows 4x in Five Years: MoS to Lok Sabha
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The number of billionaires in India has grown 4x over the past five years, with 576 people reporting gross total income of ₹100 crore or more in FY26 income-tax filings.
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Number of Billionaires in India Grows 4x in Five Years: MoS to Lok Sabha
The number of billionaires in India has grown 4x over the past five years, with 576 people reporting gross total income of ₹100 crore or more in FY26 income-tax filings. Minister of State for Finance Pankaj Chaudhary made the announcement in Parliament. The growth in billionaires is attributed to the country's growing economy and the increasing number of high-net-worth individuals. The government has taken steps to promote entrepreneurship and job creation, which has contributed to the growth in billionaires.
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