Wealth Of 9 Richest Indians Equivalent To Bottom 50% Of Country: Report

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  1. India’s top 10% of the population holds 77.4% of national wealth: Oxfam
  2. 13.6 crore Indians continued to remain in debt since 2004.
  3. Globally, billionaires’ fortunes rose by $ 2.5 billion a day in 2018

Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.

“If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,” she added.

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