Number of households in India 2021-2047, by income class

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.