business
Number of Indians Earning Over Rs 100 Crore a Year Rises to 576
Archived — last updated
The number of Indians earning over Rs 100 crore a year has risen to 576, according to data shared by the Union Finance Ministry. This represents a 300% increase in the number of billionaires in the country over the past five years.
Latest updates
Number of Indians Earning Over Rs 100 Crore a Year Rises to 576
The number of Indians earning over Rs 100 crore a year has risen to 576, according to data shared by the Union Finance Ministry. This represents a 300% increase in the number of billionaires in the country over the past five years. The data was provided by Minister of State for Finance Pankaj Chaudhary in a written reply to Parliament. The number of individuals reporting an annual income of Rs 100 crore or more rose from 415 in the previous year to 576 in the current year. The increase in the number of billionaires in the country is a reflection of the growing economy and the increasing wealth of individuals in the country. The data also highlights the need for greater transparency and accountability in the country's tax system.
576 Indians report income over ₹100 crore in FY26, MoS tells Lok Sabha
Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that 576 individuals reported gross total incomes exceeding ₹100 crore in FY26, based on income-tax filings. This marks a fourfold growth in the number of billionaires in India over the past five years. The minister was responding to a query about the significant increase in high-net-worth individuals. The data reflects a broader trend of wealth concentration in the country’s top income brackets.
Number of Indians Earning Over Rs 100 Crore Crosses 500
The number of individuals who reported a gross total income of at least Rs 100 crore has crossed 500 in Assessment Year 2025-26, up 39% from the previous year, according to the Ministry of Finance. The finance ministry data showed that the number of rupee billionaires has quadrupled in four years to 576 from 142 in AY 2021-22.
Number of individuals reporting ₹100 crore-plus income rises to 576
The government told the Lok Sabha that the number of taxpayers reporting gross total income of ₹100 crore or more has quadrupled since assessment year 2021-22.
Sources
AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.
Related stories
Latin American banana producers seek higher pay amid climate crisis
Banana producers in Latin America are calling for better pay to help cope with the impact of the climate crisis, as they face big drops in
Democratic midterm sweep threatens Trump tariffs and AI expansion
Democrats won U.S. House and Senate, threatening Trump's tariffs and AI plans
EU considers acting on Russia shadow fleet sanctions without US support
Since Russia's full-scale invasion of Ukraine , Moscow has increasingly relied on a so-called shadow fleet to bypass Western sanctions and