Indians earning ₹100 crore+ jump over 300% in 5 years

The number of Indians earning ₹100 crore or more has jumped by over 300% in five years to 576 in the assessment year 2025-26, the government informed the Lok Sabha. In 2021-22, the number was 142. However, it noted that there's "no statutory definition of the term 'billionaire' either under...Income-tax Act, 2025 or under the erstwhile Income-tax Act, 1961."