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Rise of the Indian Middle Class to over 60% in FY47 to pave the way for Indias economic growth, BT Magazine's The Point decodes the numbers

The middle class in India is expanding rapidly. According to recent findings, it would account for more than 60 per cent of the country’s total population by the end of FY47, up from 14 per cent in FY05. Recent income tax filing data further substantiates this trend. A look at the numbers in BT Magazine’s The Point. ....

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₹2 lakh to 15 lakh: India's per capita income to grow massively by FY47, predicts SBI Research Report

SBI Research Report predicts that India s per capita income is expected to increase from ₹2 lakh in FY23 to ₹14.9 lakh in FY47 ....

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India Per Capita Income: India's per capita income to rise 7.5-times by FY47: SBI Research

Indias per capita income is set to increase 7.5 times to Rs 14.9 lakh per annum by FY47 from Rs 2 lakh ($2,500) in FY23, according to the latest study published by SBI Research. Between FY11 and FY22, 13.6% of people moved from the lowest income strata of below Rs 5 lakh, with 8.1% added to the Rs 5-10 lakh group and 3.8% in Rs 10-20 lakh bracket. ....

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India's Per Capita Income Expected To Increase From Rs 2 Lakh In FY23 To Rs 14.9 Lakh In FY47 | Economy News

In its research titled, Deciphering emerging Trends in ITR Filing: The Ascent of the new Middle Class in circular migration, the SBI said that in USD terms, Indias per capita it is expected to increase from $2500 in FY23 to $12400 in FY47. ....

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Study pegs India's FY47 per capita income at Rs 14.9 lakh a year

The government has set a target of FY47 to become a developed economy. Prime Minister Narendra Modi, in his last Independence Day address before the 2024 general elections, on Tuesday said the next five years are important for India to achieve its 2047 goal of becoming a developed country. ....

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