Report: The number of people earning more than 10 crore per annum in the country increased by 63% in 5 years

At the global level, the Indian economy is experiencing rapid growth after the corona epidemic, the number of earners in the country has also seen a rapid growth. From 2019 to 2024, there has been a 63% jump in the number of people earning more than 10 crore rupees in the country. Both the number and earnings of the rich in India are growing rapidly. A report by Centrum Institutional Research revealed that more than 31,000 people in the country are earning more than Rs 10 crore per year, while the number of people earning Rs 5 crore per annum has reached 58,000.

The figures for the last five years from 2019 to 2024 have been declared. The number of millionaires is increasing rapidly. In these 5 years, there has been a 63% jump in the number of people earning more than 10 crores in India and now there are 31,800 millionaires earning that much annually. The total net worth of people earning more than Rs 10 crore during this period has grown by 121% to Rs 38 lakh crore. In addition, the number of Indians earning more than Rs 5 crore has seen a strong jump of 49% over the last five years. And its figure has reached 58,200.

A target of 1 crore can be achieved with the right strategy Everyone dreams of becoming a millionaire. But it is not difficult to achieve a target of up to Rs.1 crore if invested with the right strategy. This figure can be hard to see. But with proper investment and compounding, this goal can be reached. A special formula is effective in it. According to a FundsIndia research report, if you invest Rs 30,000 per month in a mutual fund SIP with 10% annual growth, you can reach Rs 50 lakh in seven years at an average rate of 12% assumed, with the next Rs 50 lakh It will take only 3 years to reach.

Earnings increased rapidly even amid the Corona epidemic Earning statistics show that there has been a huge jump in the earnings of Indians in the last five years. The interesting thing is that even in times of crisis like corona epidemic in the country, earnings have increased at a fast pace. According to the report, the earnings of India's ultra-rich could grow at an annual rate of 14% by 2028 and reach $2.2 trillion. Only 15% of people in the country have their financial assets managed by a professional, compared to 75% globally.