Home India’s Per Capita Income Expected to Rise Significantly by FY47, According to SBI Report

India’s Per Capita Income Expected to Rise Significantly by FY47, According to SBI Report

Per capita income in India is expected to increase from Rs 2 lakh in FY23 to Rs 14.9 lakh in FY47.
The report also notes a significant migration of taxpayers from lower to upper income strata.
By FY47, the Indian workforce is projected to grow to 725 million from 530 million in FY23, with an increase in the taxable base and ITR filers.