India: number of households by income class 2047

In the financial year 2021, the number of super-rich households earning more than 20 million Indian rupees went up to 1.81 million from 1.06 million in the financial year 2016. This was an annual growth of 11.3 percent. The number is expected to grow to over nine million in the financial year 2031 and 32 million households in the financial year 2047. This will be the fastest growth across all income categories. On the other hand, destitute classified Indian households with earnings of less than 125 thousand annually decreased only marginally to 45.17 million in financial year 2021 from 46.5 million in 2016. However, it is estimated that the number of destitute households will fall to just 7.2 million by the financial year 2047.

Number of households in India during financial year 2016 and 2021, with projections for 2031 and 2047, by income class (in millions)

Characteristic	FY 2016	FY 2021	FY 2031*	FY 2047*
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

July 2023

More information

Region

India

Survey time period

FY 2016 and FY 2021

Special properties

the latest survey is based on 40,000 households from 25 Indian states.

Supplementary notes

*Projections.

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of February 2024).

Values have been rounded for clarity.

Citation formats