NSE DRHP: India's ₹8L+ income households to hit 42.74% by FY31, expanding premium consumption base
NSE's DRHP data projects households earning above ₹8 lakh annually will rise from 34.38% in FY26 to 42.74% by FY31, with GNI per capita at ₹2,40,147. The affluent expansion signals a broader addressable market for premium retail, discretionary goods, and financial products, though top 10% still control 65% of wealth.
What happened
NSE DRHP projects households earning above ₹8 lakh will rise from 34.38% in FY26 to 42.74% by FY31, signaling rapid middle-class and affluent expansion that
Key facts
- 34.38% in FY26
- 42.74% by FY31
- GNI per capita ₹2,40,147 FY26
- B30 AUM ₹13.89 trillion March 2026
- top 10% control 65% wealth
Why this matters
Accelerate M&A scouting in premium retail, branded D2C, and wealth-tech where a widening ₹8L+ base creates platform consolidation windows over the next five years.