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Number of Indians with income above Rs 100 Cr crosses 500 mark in FY26

A total of 576 individuals declared annual incomes of more than Rs 100 crore in FY26, up from 415 a year earlier, according to Finance Ministry data tabled in the Lok Sabha. The government also pushed back against claims that income inequality is widening in India.

27 Jul 2026 5:35 pm