In last year’s Budget speech, Finance Minister Arun Jaitley quipped about the fact that more than 20 million people flew to international destinations from India but only 7.6 million declared an annual income of more Rs 500,000 in 2015-16. An analysis of flying patterns of people shows that Mr Jaitley might have reasons to rejoice not just because there were more than double the number of people in this income bracket who filed tax returns in AY 2017-18 but there has been a steady rise in the number of Indians flying across the world in recent years.
Business Standard analysed

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