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

  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.

Via

Add comment

NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.

Newsletter

Newsletter