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Billionaires in India Surge 4x Over 5 Years: MoS
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India's number of billionaires has quadrupled over the past five years, with more than 570 people reporting income over ₹100 crore in FY26, Finance Minister Pankaj Chaudhary stated.
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Billionaires in India Surge 4x Over 5 Years: MoS
In his response to a question about the increase in billionaires in India, MoS for Finance Pankaj Chaudhary highlighted that the number of individuals earning more than ₹100 crore annually has surged by 4x over the last five years. According to income tax filings from FY26, 576 people reported such high incomes. This significant growth underscores the changing economic landscape in India.
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