576 Indians reported ₹100 crore+ income in AY 2025-26, up from 142 in 2021-22: Govt

Indians reported gross total income of ₹100 crore or more in Assessment Year 2025-26, up from 142 in AY 2021-22.

Minister of State for Finance Pankaj Chaudhary stated there is no statutory definition of 'billionaire' under the Income-tax Act, 2025 or the erstwhile Income-tax Act, 1961.

The government tracks individuals reporting gross total income of ₹100 crore or more through income tax returns, not total wealth.

Income inequality declined in rural and urban areas, with the Gini coefficient falling to 0.237 in rural and 0.284 in urban areas in 2023-24.

Unemployment rate for individuals aged 15 and above fell from 3.6% in 2022 to 3.1% in 2025.