Individual crorepatis grew more than companies in Modi govt's first 3 years

The number of companies that declared an income of more than Rs 10 million in 2016-17 was only 39,753, much below the number of individual crorepatis

What do the latest income-tax data released last week by the Central Board of Direct Taxes (CBDT) tell us about Indian companies and individual tax-payers? More precisely, what does the amount of gross income declared in tax returns indicate about how India Inc and the Indian tax-payer have fared in the last few years under the Narendra Modi government? Have the promised Achchhe Din (good days) actually arrived?

Here are five clear pointers, gleaned from a quick comparison of the income-tax data on income earned in the 2016-17 financial year with that declared in the previous two years of the