Prime Minister Narendra Modi on Monday said that the income tax return (ITR) data showed that the average income had tripled during his tenure, reflecting a robustness across sectors and a rise in employment opportunities.
“According ITR data, the average income, which was around ₹4 lakh in 2014, has increased to around ₹13 lakh in 2023. In India, the number of those who have moved to the upper income group from the lower income group has also increased,” said Mr. Modi, while addressing the Madhya Pradesh Rozgar Mela via video link.
He said that citizens were coming forward in large numbers to pay their taxes honestly as they knew that every rupee of their tax was being spent for the development of the country. The economy, which was at number 10 before 2014, had reached number five [a September 2022 development], he said.
