Tax returns show average income up from ₹4-13 lakh: PM Modi

The Prime Minister said the ITR news was one of the two positive developments coming to light in the first year of the Amrit Kaal

Prime Minister Narendra Modi on Monday said Income-Tax Returns (ITRs) filed this year showed a substantial increase in average incomes in the last nine years, and they had gone up from an average of Rs 4 lakh in 2014 to Rs 13 lakh in 2023.

Addressing the Madhya Pradesh Rozgar Mela via a video link, he said the number of people moving up from the lower-income group to the upper income group had increased. The ITR figures confirmed that every sector of the economy had gained strength and there was a growing trend in fresh employment opportunities.

The Prime Minister said the ITR news was one of the two positive developments coming to light in the first year of the Amrit Kaal, the 25-year period up to the centenary year of India's Independence in 2047.

The other development was brought out by a Niti Aayog report that 13 crore people had in the last five years come above the poverty line. The two positive developments were a proof of declining poverty and widening prosperity in the country.

When decisions are taken with positive thought, right intent and complete dedication, the results overwhelm the whole atmosphere with positivity, the Prime Minister said.