Prime Minister Narendra Modi's recent declaration for the 2024 Lok Sabha election provides insights into his financial holdings and investment preferences. His movable assets total around Rs 3.02 crore, with an additional cash amount of Rs 52,920. Over the years, his taxable income has doubled, reaching Rs 23.5 lakh in 2022-23 from Rs 11 lakh in 2018-19.
Regarding investments, PM Modi favors traditional options like fixed deposits (FDs) and National Savings Certificates (NSCs). He holds Rs 2.85 crore in FDs with the State Bank of India and has invested Rs 9.12 lakh in NSCs. These NSCs offer tax benefits and a 7.7% annual interest rate.
Under PM Modi's leadership, India's economy has climbed from the 10th to the fifth spot globally. His government actively promotes investment in India, emphasizing its transformative growth potential. According to a paper by the United Nations University, India's GDP per capita has risen significantly during PM Modi's tenure, indicating robust economic growth.
In his election affidavit, PM Modi shared his contact information, including his mobile number (listed as 'Pm Narendra Ji' on TrueCaller) and email address ([email protected]), demonstrating his accessibility to the public.
Overall, PM Modi's investment choices reflect confidence in traditional savings instruments like FDs and NSCs, while his focus on economic development underscores his commitment to India's progress.
