In the financial year 2021, the number of super-rich households earning more than 20 million Indian rupees went up to 1.81 million from 1.06 million in the financial year 2016. This was an annual growth of 11.3 percent. The number is expected to grow to over nine million in the financial year 2031 and 32 million households in the financial year 2047. This will be the fastest growth across all income categories. On the other hand, destitute classified Indian households with earnings of less than 125 thousand annually decreased only marginally to 45.17 million in financial year 2021 from 46.5 million in 2016. However, it is estimated that the number of destitute households will fall to just 7.2 million by the financial year 2047.
Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class
(in millions)
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Business Standard. (July 6, 2023). Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/
Business Standard. "Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions)." Chart. July 6, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/
Business Standard. (2023). Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/
Business Standard. "Number of Households in India during Financial Year 2016 and 2021, with Projections for 2031 and 2047, by Income Class (in Millions)." Statista, Statista Inc., 6 Jul 2023, https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/
Business Standard, Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions) Statista, https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/ (last visited December 21, 2024)
Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions) [Graph], Business Standard, July 6, 2023. [Online]. Available: https://www.statista.com/statistics/1449959/india-number-of-households-by-income-class/
