In FY26, households earning above ₹8 lakh accounted for 34.38% of all households. This share is projected to rise to 42.74% by FY31. This means that nearly four out of every ten Indian households could be earning more than ₹8 lakh annually within the next five years.
The percentage of Indian households earning above ₹8 lakh annually is set to rise significantly. In FY26, 34.38% of households were in this income bracket. This share is projected to grow to 42.74% by FY31, indicating a substantial expansion of higher-income groups within the…
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