Change in annual household income India FY 2016-2023, by household category
In the post-Covid financial year of 2021, the poorest 20 percent of households witnessed income levels shrink by 52 percent from levels in financial year 2016. The pandemic resulted in the gap between the richest and the poorest 20 percent from 3.8 times in financial year 2016 to 11 times in financial year 2021. In the financial year 2023, the gap narrowed down to seven times.
