Using ITR gross income data, SBI Research has computed the weighted mean income for each assessment year, revealing:
Average Income of Indian Middle Class:
•2013-14: ₹4.4 Lakh
•2022-23: ₹13.0 Lakh
An impressive 3x surge over a span of 9 years. 💰📊
#IncomeInsights #MiddleClassGrowth #SBI #SBIResearch 🇮🇳📈
Decoding the ‘3x income rise’! 🕵️♂️
🚨 2013-14: ₹4.4 lakh
2022-23: ₹13.0 lakh… Sounds impressive, right?
But hold on!
🛑 Adjust for inflation, and it’s ₹7.55 lakh, not ₹13 lakh.
That’s a 71.6% rise, not 300%. Always dig deeper than the headline figures. Numbers don’t lie, but they can deceive! 🔍💸
Unlocking the true story behind the numbers. 📈📊
#IncomeInsights #InflationFactor 🇮🇳💰