FinanceYourStory
Number of Indians with income above Rs 100 Cr crosses 500 mark in FY26
in5points
individuals declared annual incomes over Rs 100 crore in FY26, up from 415 in FY25.
Data from the Ministry of Finance was tabled in the Lok Sabha by Minister of State Pankaj Chaudhary.
India had 308 billionaires as of March 2026, per the Hurun Global Rich List.
Ministry of Finance cited a declining Gini coefficient to argue income inequality is narrowing.
World Inequality Report 2026 says top 10% earn 58% of national income, bottom 50% get 15%.
Story angle
Center
L
CL
C
CR
R
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
YourStory
Center
High factuality
Who owns this?
YourStory Media
Independent startup media
Startup and entrepreneurship focused.