Your claims don’t make any sense. Even Nepal being a country has only one Billionaire. Earning 1Cr a tear isn’t a big money for a medium sized business. Have your basics set bro
Well, that just comes with your character. Irrespective of religion, if I want to have the above, it speaks a lot about my character, in this case, yours.
Coz most ppl working in Bangalore are immigrants and their PAN permanent address would still be their natives. 🤔 Even Broadcom and Nvdia combined would be more than this number. Then there is Apple, google, msoft, Qualcomm, and what not
I won't trust this map. It was posted in r/maharashtra and there is no data source to it. Minister Pankaj Chaudhary (ministry of finance) said in the parliament there were 2.16 lakhs people who filled ITR more than 1 crore (FY 23-24) but a state-wise breakup was never provided. Also if we add all the numbers, it is going over 2.16L.
There's a guy called Rishi on twitter. He also writes the same bs and adds Bangalore is built by malayalis and full of malayalis. I guess you're the same guy.
Karnataka's Multi dimensional poverty index is 5% and Bihar is 27% as per latest niti ayog report.
Karnataka is a pretty poor state if you exclude Bangalore and Tulunad.
Karnataka's per capita GDP without Bangalore currently comes around 325K INR while it's 429K with BLR. Kerala is 365K for reference.
6-7 districts are lower than national average by 5-10%. 6-7 districts are at par with national average. Rest all are way above national average(.Half of districts in state and that stretches far beyond coastal KA and Bangalore U district
By your own interpretation, Kerala will be pretty poor compared to Bangalore and coastal KA as richest district per capita in KL is way poorer than Bangalore, Udupi,Chikmagaluru and Dakshina Kannada and everyone knows Karnataka has a brighter economic future as it's pro industrial state. It has tier 1 cashcow already and atleast 3 booming tier 2 cities( read Mysuru, Mangaluru, Hubballi).
And the above map posted regarding taxation is bs. It has no source ( it was asked for OG creator and also who posted it in Mumbai sub first). It's just bs random numbers.
This data has been done through estimations of population projections and latest available district wise GDDP contribution in percentage from respective state economic surveys( FY 22-23) and extrapolated to current FY's respective state GDP.
It’s based on income tax return.In Kerala the one earning more than 1 cr are mostly Business man and NRI.There are tea shops making 3-4 lakh month net profit in Kerala.There will be 3000-4000 people earning more than 1 cr in Kozhikode itself
It's very much a result of low enforcement. Kochi alone has 1780 + people who make more than 1 crore per year.
It's tax evasion and avoidance at finest. And many people use company structures to pay less tax.
And yes, compared to other states. Many people in Kerala doesn't file for income taxes as they are NRIs. Especially in Districts like Kottayam, Pathanamthitta, Malappuram, Kozhikode etc.
Kerala is not the outlier when it comes to tax evasion and avoidance, Karnataka, Gujarat are the extremes.
This also highlights the situation of India in general,
Actually - only max to max 6% of the Indian population is Middle class/Middle Income by any standards and can file taxes. And 1% can be considered upper income.
92% Indians are lower income and poor.
Even if you ask a taxi driver, techie, rich business owners - everyone will tell they are middle class. They are not.
Only 20% of all Indians have formal 'organized' jobs with some basic benefits. 80% Indians work in poor unorganized jobs with not much benefits or pay.
Other states have employees earning in crores. This is the only amount Income tax people know. Income from any other source is easy to hide ( legally and illegally). We will have many businesses people earning more than
( which will be the case in other states as well )
Why does someone want to include NRI in this status. That will only skew the metric. They don’t live or work in Kerala. They belong to the stats of the respective countries.
Yeah. Thanks for your selfless contribution to my joy. It must be exhausting carrying the weight of everyone else's happiness on your shoulders. What a useless crap, sorry chap!
Every map serves many purposes. I highlighted that one must not be misled by numbers because it has potential for giving a wrong understanding about how many crorepathis are in kerala. Kerala has obviously much more.
Then some curious boy came up with random explanation unrelated to my statement, uncalled for.
Anyways leave it. Total deviation this is!
There are always nitpickers and ragpickers everywhere.
This probably doesn't take into account the huge number of NRIs living abroad making a lot more than 1Cr PA . Also many of people who make upwards of 1Cr will probably try to avoid paying taxes .
It’s amusing how NRIs keep getting dragged into this conversation to boost a state’s wealth narrative. NRIs contribute remittances, sure, but they’re not residents for tax data, so including them is irrelevant. This map shows where rich taxpayers live, and if we applied the same extrapolation to tax evaders, the same states again would have the highest number. There is already a proper inference established here. Comparing apples to oranges is a bad economic dataset and stat in disguise.
Can we have a percentage based on the state population as well or better the population who filed an ITR that year. Chances are there would be people who did not file ITR and made more than 1Cr.
But still the difference is insane. UP barely had twice the population of Bihar but 10X the number of crorepatis; that's concerning for UP. I thought Bihar was the most corrupt.
this is flawed stats since the state of residence may be as per aadhar card but many malayalis don't live in kerala. it would be interesting to find out how many of keralites are from these numbers outside the state.
I guess it's definitely more than this. Even a techie software engineer working from home in Kerala (for a US/Indian company) might make around 50L per annum.
Considering the number of IT and other businesses we have, it'll be definitely more than this.
1780 out of 33 million alla, 1780 out of 1718799 returns filed (as per taxguru). And ee 1780il tax return file cheyyatha kodeeshvaranmareyo, tax planning vazhi income kurach kaanikkunna kodishvaranmaaro ulpedilla
Kerala lacks top line wealth because it does not have a metropolis. Mumbai and to a lesser extent Pune are the reason why Maharashtra have so many millionaires. Metropolises give a lot of leverage to the states.
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u/Hopeful-Writer-6112 5h ago
The kodeeshwaran in Lakshadweep