Prime Minister Narendra Modi is one of the most popular and influential leaders in the world, with an approval rating of 78 percent. But how much does he earn as the head of the executive branch of the Indian government? And how does his salary compare to other world leaders, such as the President of the United States, the President of China, and the Prime Minister of Canada?
According to the latest declaration updated till March 31, 2022, PM Modi’s movable assets rose to Rs 2.23 crore, a gain of Rs 26.13 lakh from a year ago. The prime minister owned assets worth over Rs 2.23 crore as of March 31, 2022. The maximum amount of this is held in Bank FDR and MOD – Rs 21,033,226. However, his annual salary as the prime minister is much lower than his net worth. According to MyNeta.info, which cited the PM’s total income as shown in the ITR, the prime minister’s remuneration for FY18 (2017 – 2018) was around Rs 19 lakh – Rs 19,92,520. His total income, a year ago in 2017 was around Rs 14 lakh. For the financial year 2013-14, PM’s total remuneration was Rs 9,69,711.
The prime minister receives a base pay of Rs. 50,000 along with sumptuary, MP, and daily allowances of Rs. 6,000 and Rs. 3,000, respectively. In US dollars, his monthly salary is about $2,500, or $30,000 per year, based on the current exchange rate of 1 INR = 0.012 USD. This is much lower than the average salary of a software engineer in India, which is about $6,000 per year.
How does PM Modi’s salary compare to other world leaders? According to Wikipedia, the President of India, Ram Nath Kovind, receives a monthly salary of Rs. 5 lakh, or $60,000 per year. The Vice President of India, M. Venkaiah Naidu, receives a monthly salary of Rs. 4 lakh, or $48,000 per year. The President of the United States, Joe Biden, receives a yearly salary of $400,000, or Rs. 3.31 crore. The President of China, Xi Jinping, receives a yearly salary of 1.7 million yuan, or Rs. 1.94 crore. The Prime Minister of Canada, Justin Trudeau, receives a yearly salary of C$357,800, or Rs. 2.17 crore. The Prime Minister of the United Kingdom, Boris Johnson, receives a yearly salary of £150,402, or Rs. 1.54 crore.
The following table shows the comparison of the salaries of PM Modi and other world leaders in INR and USD:
As we can see, PM Modi’s salary is much lower than other world leaders, even though he leads the second most populous country in the world, with a population of 1.3 billion people. This shows his humility and dedication to serve the nation, without being motivated by money or power. PM Modi is an inspiration for many Indians and people around the world, who admire his vision, leadership, and achievements.