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21 Indian billionaires possess more wealth than 700 million people in the country: Oxfam report
Oxfam India report has made shocking revelations on the growing disparity in economic conditions, and tax collection in India in its latest report stating that 21 Indians have more wealth than 700 million people in the south Asian country.
From the time the pandemic began till November last year billionaires in India have seen their wealth surge by 121%, or Rs 3,608 crore per day in real terms, ToI reported.
According to Oxfam India's latest report, "Survival of the Richest: The India Story," only 5% of Indians owned more than 62% of total wealth in the country in 2021, while the bottom 50% possessed only 3%.
The report, which highlights the total number of billionaires in India increasing from 102 in 2020 to 166 billionaires in 2022, will be presented on Monday at the World Econo...