India sees 4× surge in billionaires; 576 taxpayers report ₹100 cr+ income in FY26
Finance Minister Pankaj Chaudhary told Parliament that 576 individuals filed tax returns showing ₹100 crore+ gross income in FY26, up from 142 in 2021‑22—a four‑fold rise in billionaire numbers over five years. The spike underscores growing wealth concentration, prompting calls for data on wealth distribution and tighter policy.