More than 570 people reported income over ₹100 crore in FY26, 4x growth in billionaires over 5 years: MoS to Lok Sabha
people reported gross total income of ₹100 crore or more in FY26, a 4x increase from 142 in FY22.
Minister of State for Finance Pankaj Chaudhary disclosed the data in a written reply to Lok Sabha on July 27, 2026.
The Income-Tax Act 1961 and new ITA 2025 do not define the term 'billionaire'.
The number of individuals with income over ₹100 crore rose from 142 (AY22) to 301 (AY23), fell to 284 (AY24), then increased to 415 (AY25) and 576 (AY26).
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