Forty Billionaires Emerged Last Year In India But Number Of Poor Doubled: Oxfam Report

The number of billionaires in India grew from 102 to 142 in 2021. The non-profit group Oxfam Davos said in a report released on Sunday that the country added 40 billionaires last year. According to Oxfam, the Indian government should revisit its policies to redistribute wealth in the country. The group said that India’s billionaires have more than doubled their fortunes during the Covid-19 crisis. It ravaged the country and worsened poverty. Reportedly, the income of 84% of Indian households declined in 2021. The group claimed that India’s richest have almost $720 billion in combined fortune, more than the poorestThe number of billionaires in India grew from 102 to 142 in 2021. The non-profit group Oxfam Davos said in a report released on Sunday that the country added 40 billionaires last year. According to Oxfam, the Indian government should revisit its policies to redistribute wealth in the country. The group said that India’s billionaires have more than doubled their fortunes during the Covid-19 crisis. It ravaged the country and worsened poverty. Reportedly, the income of 84% of Indian households declined in 2021. The group claimed that India’s richest have almost $720 billion in combined fortune, more than the poorest […]