Key Points
Prime Minister Narendra Modi said on Friday India is making remarkable progress towards achieving equitable and collective prosperity as he cited some reports to assert the country stands at the cusp of a new era of economic progress and is on course to become developed by 2047..
"These analyses shed light on something that should make us very happy- that India is making remarkable progress on achieving equitable and collective prosperity," he said.. Sharing highlights from these reports, he said the SBI Research has pointed out (based on ITR returns) that the weighted mean income has made a commendable leap over the last nine years, from Rs 4.4 lakh in AY (assessment year) 14 to Rs 13 lakh in FY (financial year) 23...
In his post, the prime minister said Padmanabhan's study of ITR data suggests a widening tax base across income brackets and each of them has seen a minimum threefold increase in tax filings, some even achieving a nearly fourfold surge...
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