- India’s top 10% of the population holds 77.4% of national wealth: Oxfam
- 13.6 crore Indians continued to remain in debt since 2004.
- 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.Via