A 5x increase in Indians earning over Rs 5 lakh is driving India’s consumption surge

From 3.8 million in FY12 to 18 million in FY21, individuals in India earning above Rs 5 lakh per annum have surged 5 times, a BNP Paribas analysis of the I-T department's data has shown.

from Economy-News-Economic Times https://ift.tt/vhsr3uP
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