27 July 2026 at 7:26 pm
Summary
The number of Indians reporting an annual income above Rs 100 crore increased by 40% to 576 in FY26, according to data presented by the Ministry of Finance in the Lok Sabha. While the government data indicates a rise in high-income individuals, the Ministry disputed the World Inequality Report's assessment of widening income inequality, citing narrowing Gini coefficients.
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