In India, the number of dollar billionaires has increased more than 4 times in the last five years, rising from 142 to 576.
According to Medianews.az, the number of wealthy citizens with investment assets exceeding $30 million has risen to 19,800.
According to tax declarations, in the 2025-2026 financial year, 576 Indians declared an income of more than $1 billion. Over the last 5 years, the number of dollar billionaires in India has grown at the fastest pace. The number of those with investment assets over $30 million increased from 12,100 in 2021 to 19,800 in 2026. As a result, India’s share in the list of super-rich has increased from 2.2% to 2.8%.
After the decline in 2024, the labor market has recovered, the number of high-paid workers has increased, and unemployment has decreased. The government is taking measures to reduce inequality and ensure inclusive growth.
A new stage in capital accumulation has begun in the country. This has been driven by a new generation of entrepreneurs, $1 billion startups, IT, and sales in the stock market. Media reports state that more than 15% of super-rich people are under 30 years old, and 20% are under 40 years old.
India ranks 6th in the world and 3rd in Asia in terms of super high-income individuals. There are 108 family businesses registered in the country with capital over $1 billion, which makes India the 3rd globally according to this indicator.//Bakues.az