Wealth and potential tax revenue on total wealth

Key finding: 2% wealth tax on households owning more than ₹2.5 crore of wealth generates ₹2.3 trillion which can help pay for an income guarantee scheme.

Chart: Source: Authors' calculation using Bharti (2018) total wealth estimates (survey + Forbs top correction). The Wealth tax here is suggestive. The figure are at 2018 level using wholesale price index Get the data Created with Datawrapper