Change in annual household income India FY 2016-2023, by household category

Published by
Manya Rathore,
Feb 22, 2024
In the post-Covid financial year of 2021, the poorest 20 percent of households witnessed income levels shrink by 52 percent from levels in financial year 2016. The pandemic resulted in the gap between the richest and the poorest 20 percent from 3.8 times in financial year 2016 to 11 times in financial year 2021. In the financial year 2023, the gap narrowed down to seven times.

Change in annual household income in India from financial year 2016 to 2023, by household category

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Release date

2024

Region

India

Survey time period

FY 2016 to FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

Specific date of survey was not mentioned by the source.

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