The impact of average income in India over the last nine years has been substantial. Here are some key points:

• Significant increase: There has been a remarkable rise in average income in India over the past nine years. It has surged from ₹4 lakh to ₹13 lakh, indicating a substantial improvement in the financial condition of individuals.
• Improved purchasing power: The rise in average income has boosted the purchasing power of the Indian population. People now have more disposable income, enabling them to afford a better quality of life and fulfill their aspirations.
• Narrowing income gap: This increase in average income has helped in reducing the income inequality to some extent. As more individuals move towards higher income brackets, it creates a more equitable distribution of wealth.
• Improved living standards: With a higher average income, people have been able to afford better healthcare, education, housing, and other essential amenities. This has led to an overall improvement in living standards across the country.
• Spurring economic growth: The rise in average income also acts as a catalyst for economic growth. Increased consumption stimulates demand and encourages investment and business expansion.
• Reduced poverty levels: Higher average income contributes to poverty reduction. Individuals with increased incomes are less likely to fall below the poverty line, leading to a decline in the overall poverty rate in the country.

Overall, the substantial increase in average income in India over the last nine years has had a positive and transformative impact on the country's economy and the living standards of its people.