What people didn't realize is top 1% of India is 14 million people, that's why 16 lakh is enough because out of those 14M people only barley first few hundreds are multi millionaires ( in US dollars) ... But pretty sure if he mentioned like top 10-50 (idk exact stats) , then it would end up in billion dollars (usd) ...
True that's why education is important they can't even do a simple calculation if 1.4 cr people are billionaire in India the GDP will be even more than US 😂
@@miyuko6017 abe gandu 20 lakh ki gadi s bhi kam ka maintance h uska pta krke aa pehle fir bolna. 18 lakh ka to sirf tax kat ti h gov uspe h ni vo 55 lakh ki
I was reading one article in "The Indian Express" newspaper... It is mentioned that if you earn Rs.44lakh or more per annum, then you will be in Top 1%... And if you earn Rs.12lakh per annum, then you will in Top 20% list of richest people in India... In the video, I don't know from what source they are saying Rs.16 lakh... But, Indian Express is national level & credible newspaper...It can't wrong...🙏
Read a post from Akshat Srivastava once. I hope I remember it right, he wrote that if you earn above 1L per month, you are in the top 1%. So, this might also be correct, not sure!! But your data makes more sense actually.
If a Person is earning 16 Lakh per Annum then he will be in top 1%. And if you have a family of 4 People and Only 1 Person is earning then that 1 Person needs to earn 65 Lakh per Annum to be in top 1% of India.
No, this is not how it works . You are in top 1% people if u single earn 16 pac but if u consider family then u have to count top 1% families and that data will be different bcz there are many people who are single earning in whole family.
we need religion and right wing extremist and need to make cow the national animal in order to remove poverty otherwise nothing good is going to happen at all
Average of 8 crore of Income Tax return is filled during one financial year. Means not even 6% of total population of india having income of 5 lakh or more per annum. 55 lakh is way more for 1 %.
@@monicamaan6366 wahi na bhai ye log lagta h pura India Mumbai jaise h 🤷🏻♂️. Gareeb country h bhai. Itna easy cheez ye log ko samaj nai aata fir aake assets ka bakchodi krta h.
The exact amount of money required to be in the top 1% of India can vary depending on the source and the methodology used for calculating wealth or income. However, according to the Credit Suisse Global Wealth Report 2021, to be in the top 1% of wealth holders in India, an individual would need a net worth of at least $237,000 USD (approximately Rs. 1.76 crore).
As per the PLFS survey of 2019-20, the annual cumulative wages came to be around Rs 1,869 crore, out of which the top 1% earned nearly Rs 127 crore, and the bottom 10% accounted for a measly Rs 32.10 crore
As per the PLFS survey of 2019-20, the annual cumulative wages came to be around Rs 1,869 crore, out of which the top 1% earned nearly Rs 127 crore, and the bottom 10% accounted for a measly Rs 32.10 crore.
Not sure why it was tough for people to answer this, 90% of India is rural, people in cities remain in an illusion, not surprising why this generation is the most dumb gen we had, they think social media is the ultimate reality.
you are way more dumb because you actually believed the population report of government.............half of the people below majority like created a fake profile .....to get the government benefits like free ration etc etc......... ruling party let's them to have those benefits so that in return they get their votes...........you need much more than 16 lakh to be in top 1%........... top 1% has politicians + and business tycoons like Ambani adani
Now it's abt 33lakh per year. If your income is same or more than 33lakh per year Than you are in top 1%. But problem is it's not right number it is higher than that. Bcz, in india most off people mostly business owner are not showing their actual income.
My dad always told me that. Celebrities and business tycoons don't show their true money they either invest or spend in order to gain more. This shit is so tangled that you can never get the true idea and data
As per the PLFS survey of 2019-20, the annual cumulative wages came to be around Rs 1,869 crore, out of which the top 1% earned nearly Rs 127 crore, and the bottom 10% accounted for a measly Rs 32.10 crore.. you are wrong
It's not about the money that you have It's the mindset The person who wins a lottery will eventually be broke It's not about how much money you make but is about how long you keep that money with you even if your work or not But remember don't work for money Most people are not rich because they only learned in school how to work for money but not how to make money work for them
It's only the legal property,less than 10% people legally have more than 60% of their property(we legally have land but most people don't pay tax on the materials they purchased to make the house)
That's top 1% in annual earning If u ask top 1% only that means top 1% rich & for that thing u actually need in crores So ask complete question 1st!!!!
My uncle earns about 14-20 lakhs by farming annually and he has documents named income certificate and the annual income in that is 90,000 per annum. That's for getting benefits from government scams.
As per the PLFS survey of 2019-20, the annual cumulative wages came to be around Rs 1,869 crore, out of which the top 1% earned nearly Rs 127 crore, and the bottom 10% accounted for a measly Rs 32.10 crore. This indicates that the top 1% earns almost thrice as much as the bottom 10%.
Average of 8 crore of Income Tax return is filled during one financial year. Means not even 6% of total population of india having income of 5 lakh Or more per annum. It means if you have annual income of 5 lakh or more in one year, congrats you are in top 6% of India for that year.
@@andrewvideos5328 top 1 % earn 15 lakh + per annum but these numbers don't account for the local inflation. A person earning 20 k per month in Dibrugarh lives a better life than a person earning 1 lakh per month in Mumbai.
@@andrewvideos5328 no. I am telling you the reality. One of my friends has a family business with an annual profit of 1 crore + and his family lived in the slums for most of his life. Recently they purchased a small 2 bhk apartment in Mumbai. The rental cost is high in Mumbai. 50k - 70k in renting alone if you are living with family. People living in Mumbai slums are not poor, they just can't afford the cost of living.
I literally thought of 15 to 20 lakhs. And I was right. I figured it out by my father's income.. as i know only 1% of India pays income tax returns and my father's income is 20 lakhs per annum so he's already in top 1 percent of India as he pays tax and i just guessed that my father is atleast above average so somewhere between 15 to 20 lakhs I thought
I don't understand these states they say if you earn more than 25k a month you're in the lucky 20%. In that case a well managed project pays it's normal labourers around 800-900 per day which makes them top 20% . There are freelancers, contractual workers, in organised sector, self employed. Even then 80% of the population can't earn more then 25k? That's ridiculous.
top 1 percent near about 1.4 crores, considering the probability of earning people per population it's seems fair number, I don't know why people arguing over the fact
I live in tier 3 city and trust me i can count more than 100 peoples with property worth 100plus crore 😂 earning liqiud cash and property are diffrent things thats why if we ask 1% peoples with earnings per month then it may be 6lack as per survey but trust me businesses owners store owners earns more than that and they show only 1-2 lacks on papers and those who earn black money are probably more than what they used in survey😊
I think it is a figure by calculating the average… But in reality (I don’t know about other) what I experienced is there are 1000 of people who earn 15 lakh within 2-3 months and max to max half year !! One of the biggest reasons as u can say is IT services sector gives high amount of money !!
