India's richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam
5 years, 11 months ago

India's richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam

India TV News  

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 Monday. Globally, billionaires' fortunes rose by 12 per cent or USD 2.5 billion a day in 2018, whereas the poorest half of the world's population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum Annual Meeting in this Swiss ski resort town. Wealth of top 9 billionaires is equivalent to the wealth of the bottom 50 per cent of the population," Oxfam said while noting that high level of wealth disparity subverts democracy. Oxfam further said getting India's richest 1 per cent pay just 0.5 per cent extra tax on their wealth could raise enough money enough to increase the government spending on health by 50 per cent.

India Wealth Billion Cent Billionaires Richest Oxfam  usd  wealth  population  richest  annual  bottomhalf  richer  oxfam  rise  39  billion  billionaires  cent  2018  india  indias

History of this topic

Budget 2025: How India's wealth shifted to the pockets of top 1%
5 days, 22 hours ago

Budget 2025: How India's wealth shifted to the pockets of top 1%

India Today  

To raise the spending power of the middle class, the Centre in the 2023-24 Budget extended full rebate up to an income of Rs 7 lakh, raising it from Rs 5 lakh under the new tax regime. While 57.7 per cent of income is in the hands of the top 10 per cent of people, 65 per cent of wealth …

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report
1 month, 1 week ago

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report

Live Mint  

India has emerged as the third-largest hub for billionaires globally, boasting 185 individuals in 2024, according to UBS’ latest Billionaire Ambitions Report. Billionaire Wealth Surges in India The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion, reflecting the country’s strong economic momentum. Meanwhile, China experienced a decline, losing 93 billionaires as its …

India's growth offers phenomenal opportunities to American investors: K V Subramanian
1 month, 1 week ago

India's growth offers phenomenal opportunities to American investors: K V Subramanian

Deccan Chronicle  

Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian said India's growth offers phenomenal opportunities to American investors. "The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going …

Asia has a new richest person as India’s Mukesh Ambani unseated at top of billionaires’ list
4 months, 2 weeks ago

Asia has a new richest person as India’s Mukesh Ambani unseated at top of billionaires’ list

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Reliance Industries chairman and managing director Mukesh Ambani, who …

World's top 1% gained $42 trillion in a decade, taxes at record lows: Oxfam
5 months, 3 weeks ago

World's top 1% gained $42 trillion in a decade, taxes at record lows: Oxfam

Business Standard  

In the last decade, the wealth of the richest one per cent globally surged by a staggering $42 trillion, news agency AFP reported, citing global non-profit organisation Oxfam. High hope from G20 summit in Brazil Under Brazil’s leadership, the G20, representing 80 per cent of the global GDP, is prioritising international cooperation to tax the super-rich. Oxfam described the summit …

Number of millionaires leaving India will reduce in 2024: Report
6 months, 3 weeks ago

Number of millionaires leaving India will reduce in 2024: Report

Hindustan Times  

India will lose fewer millionaires to migration in 2024, compared with the previous two years, according to The Henley Private Wealth Migration Report 2024. Representational Around 4,300 millionaires are likely to exit the country in 2024 compared with 5,100 in the previous year, according to the report. The UAE is likely to be the largest beneficiary, gaining 6,800 millionaires in …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
7 months, 2 weeks ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

Towards a less poor and more equal country
8 months, 3 weeks ago

Towards a less poor and more equal country

The Hindu  

In March, World Inequality Lab, a global research centre focused on inequality and public policies, published a working paper titled, ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj’. It states that “the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces.” Inequality undermines both …

India’s rich list: Gargantuan numbers reveal the real story
9 months, 1 week ago

India’s rich list: Gargantuan numbers reveal the real story

Hindustan Times  

The latest Forbes list has indicated that the number of Indian billionaires is rising and the numbers have been astonishing. Yet another set of numbers have gone and underlined the fast rising rich list in India. The rising class of rich Indians According to the report, the number of high net worth individuals in the country, whose assets have been …

Forbes Richest List 2024: Mukesh Ambani to Gautam Adani, here are India's 10 richest people
9 months, 1 week ago

Forbes Richest List 2024: Mukesh Ambani to Gautam Adani, here are India's 10 richest people

Hindustan Times  

Forbes Richest List 2024: Mukesh Ambani to Gautam Adani, here are India's 10 richest people Here are India's 10 richest individuals according to the Forbes World's Billionaires List 2024.. 1 / 11 Forbes Richest List 2024 showcases the wealth and success of India's top billionaires, highlighting their net worth and the companies they lead. Mukesh Ambani leads as India's wealthiest …

Forbes Richest List 2024: India Adds 25 New Billionaires, Mukesh Ambani Tops In India, Gautam Adani At 2
9 months, 1 week ago

Forbes Richest List 2024: India Adds 25 New Billionaires, Mukesh Ambani Tops In India, Gautam Adani At 2

News 18  

India added 25 new billionaires this year, increasing the total number of billionaires in the country to 200 as compared to 169 last year, according to the latest ‘Forbes World’s Billionaires List 2024′. Among Indians, Reliance Industries Ltd CMD Mukesh Ambani topped the billionaires’ list with a total networth of $116 billion, followed by Gautam Adani, Shiv Nadar, Savitri Jindal …

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
9 months, 2 weeks ago

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?

Deccan Chronicle  

The view from the penthouse and the pavement is staggeringly different. By 2022-23, the top one per cent income and wealth shares are at their highest historical levels; India’s top one per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the United States, notes the paper, titled “Income and Wealth …

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study
9 months, 3 weeks ago

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study

The Hindu  

Published : Mar 23, 2024 13:17 IST - 5 MINS READ Inequality in India has skyrocketed since the early 2000s, with the income and wealth share of the top one per cent of the population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper authored by Thomas Piketty, Lucas Chancel, …

Top 1% Indians’ income share is higher now than under British-rule: Data
9 months, 3 weeks ago

Top 1% Indians’ income share is higher now than under British-rule: Data

The Hindu  

March 23, 2024 08:28 am | Updated 05:23 pm IST In 2022, 22.6% of the national income went to the top 1% of Indians. Chart 2 | The chart shows the year-wise share of national income for the top 10%, the bottom 50% and the middle 40% of the population To start with, in the 1950s and 60s, the income …

Mint Primer | Mind the income gap: Is India becoming a plutocracy?
9 months, 3 weeks ago

Mint Primer | Mind the income gap: Is India becoming a plutocracy?

Live Mint  

Income and wealth inequality in India are at a historical peak with the share of the richest 1% higher than in countries like China and Brazil, finds a new study by the World Inequality Lab. Inequality in India declined post-independence till early-1980s, after which it began rising and skyrocketed beginning 2000s, shows the report titled ‘Income and Wealth Inequality in …

Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report
10 months, 2 weeks ago

Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report

India TV News  

Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. During the same period, the consultancy, in its flagship report, 'Knight Frank Wealth Report 2024', expects the number of wealthy individuals globally is expected …

India's Wealthy Elite Continues To Expand, Ultra-rich Rises 6% Last Year To 13,263: Report
10 months, 2 weeks ago

India's Wealthy Elite Continues To Expand, Ultra-rich Rises 6% Last Year To 13,263: Report

News 18  

The number of Ultra-high Net Worth Individuals in India increased 6 per cent annually to 13,263 last year on rising prosperity and the number of affluents would grow further to reach nearly 20,000 by 2028, according to Knight Frank. In a virtual press conference on Wednesday, real estate consultant Knight Frank India released ‘The Wealth Report 2024’ saying that the …

Number of ultra-rich in India increases 6 per cent last year to 13K: Knight Frank
10 months, 2 weeks ago

Number of ultra-rich in India increases 6 per cent last year to 13K: Knight Frank

New Indian Express  

Knight Frank India Chairman and Managing Director Shishir Baijal said "In a transformative era of wealth creation, India stands as a testament to thriving prosperity and burgeoning opportunities in the global economic spectrum. A remarkable surge in its UHNWI population, catapulting by 50.1 per cent within the next five years is an indication of this phenomenon." As per Knight Frank's …

Billionaires Today $3.3 Billion Richer Than They Were in 2020, Richest Five Men Doubled Fortune
1 year ago

Billionaires Today $3.3 Billion Richer Than They Were in 2020, Richest Five Men Doubled Fortune

News 18  

The world’s wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich’s influence over tax policy. A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in …

Wealth of five richest men doubles since 2020 as five billion people made poorer in 'decade of division': Oxfam
1 year ago

Wealth of five richest men doubles since 2020 as five billion people made poorer in 'decade of division': Oxfam

New Indian Express  

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. This inequality is no accident; the billionaire class is ensuring corporations deliver more …

Yearender 2023: How did shares perform, top business news this year
1 year ago

Yearender 2023: How did shares perform, top business news this year

India TV News  

2023 turned out to be good for stock market investors. Shares that gained the most Shares of Jai Balaji Industries saw the highest rise of 1,291 per cent. This was followed by S&S Power Switchgear 616 per cent, Geeke Wires 544 per cent, Orionpro Solutions 501 per cent, Inox Wind Energy 398 per cent, Servotech Power Systems 384 per cent, …

'India will become USD 5 trillion economy by end of 2025': Amit Shah at Uttarakhand Global Investors Summit
1 year, 1 month ago

'India will become USD 5 trillion economy by end of 2025': Amit Shah at Uttarakhand Global Investors Summit

India TV News  

Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on …

A $5 trillion economy, but for whom?
1 year, 1 month ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the …

India makes it to $4 trillion economy club
1 year, 1 month ago

India makes it to $4 trillion economy club

Deccan Chronicle  

New Delhi: Achieving a historic milestone, India's economy on Sunday crossed the $4 trillion mark in its gross domestic product in nominal terms for the first time ever, several media reports said, citing a purported screenshot of a live GDP tracker of all economies based on the IMF data. After the report surfaced in the media circle, BJP leaders, ministers …

India among top countries with high income, wealth inequality: UNDP report
1 year, 2 months ago

India among top countries with high income, wealth inequality: UNDP report

Live Mint  

India has emerged among top countries with high income and wealth inequality but the share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21, the UNDP said in a new report. Despite these successes, poverty remains persistently concentrated in states that are home to 45 per cent of the country's population …

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
1 year, 7 months ago

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman

Live Mint  

India's gross domestic product has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2014, said finance minister Nirmala Sitharaman on June 12. Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. Recently, ratings agency Moody's estimated the Indian economy to clock …

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP
1 year, 7 months ago

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP

India TV News  

From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP. Power of Indian Entrepreneurship Notably, India's …

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress
1 year, 7 months ago

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress

Firstpost  

According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US Lauding the Indian economy’s exceptional growth in Q4 FY23, Prime Minister Narendra Modi said that the latest figures by National Statistical …

India to have 16 lakh HNIs by 2027: Knight Frank report
1 year, 7 months ago

India to have 16 lakh HNIs by 2027: Knight Frank report

Live Mint  

India’s ultra-high-net-worth individuals with net worth over $30 million will rise by over half in the next five years. From the last count in 2022, the number is likely to grow to 19,119 individuals in the next five years in 2027, found a new report by real estate agency Knight Frank’s ‘The Wealth Report 2023’. However, the HNI population remained …

China, US have 53% billionaires, India ranks the third
1 year, 9 months ago

China, US have 53% billionaires, India ranks the third

Live Mint  

The Hurun Global Rich List 2023 reveals that China and the United States have the highest number of billionaires, accounting for 53% of the global billionaire population. The report also highlights that Indians are climbing the ranks of the Hurun Global Rich List at the fastest pace in India's modern history, with Gautam Adani and his family gaining more than …

Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala Tops List Among 16 New Indian Billionaires
1 year, 9 months ago

Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala Tops List Among 16 New Indian Billionaires

News 18  

While the number of billionaires fell eight per cent globally, India added 16 billionaires and has been ranked third globally with Rekha Rakesh Jhunjhunwala and family topping the list, according to the 2023 M3M Hurun Global Rich List. According to the 2023 M3M Hurun Global Rich List, 176 new faces were added globally to the list from 18 industries and …

Why are India’s poorest people being left behind?
1 year, 11 months ago

Why are India’s poorest people being left behind?

Al Jazeera  

On Tuesday, February 7 at 19:30 GMT: India’s BJP-led government says its final budget before a general election in 2024 will spur economic growth, but opposition politicians are among critics who say it fails to address ever-deepening income and wealth inequality highlighted by anti-poverty groups. But it does not include the re-introduction of a wealth tax on the rich that …

India’s richest 1 per cent own more than 40 per cent of total wealth: Oxfam
1 year, 11 months ago

India’s richest 1 per cent own more than 40 per cent of total wealth: Oxfam

The Hindu  

Published : Jan 16, 2023 15:59 IST The richest one per cent in India now own more than 40 per cent of the country’s total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on January 16. Releasing the India supplement of its annual inequality report on the first …

Taxing India’s Richest By 5% Can Bring ‘All Children Back To School’: Oxfam
1 year, 11 months ago

Taxing India’s Richest By 5% Can Bring ‘All Children Back To School’: Oxfam

News 18  

If Indian billionaires are taxed ‘once’ at 2 per cent on their entire wealth, the government can receive funding support for their nutrition program for ‘the next three years’. With 102 in 2020 to 166 in 2022, the combined wealth of India’s 100 richest has touched USD 660 billion and can fund the entire Union Budget for more than 18 …

India\'s richest 1% own more than 40% of total wealth: Oxfam
1 year, 11 months ago

India\'s richest 1% own more than 40% of total wealth: Oxfam

Deccan Chronicle  

Davos: The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual …

India's richest 1 per cent own more than 40 per cent of total wealth: Oxfam
1 year, 11 months ago

India's richest 1 per cent own more than 40 per cent of total wealth: Oxfam

Firstpost  

Davos: The richest one per cent in India now own more than 40 per cent of the country’s total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual …

India's richest 1% own more than 40% of total wealth: Oxfam
1 year, 11 months ago

India's richest 1% own more than 40% of total wealth: Oxfam

The Hindu  

The richest 1% in India now own more than 40% of the country's total wealth, while the bottom half of the population together share just 3% of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International …

\'India\'s GDP nearing to $20 trillion, per capital income at $10k by 2047\'
2 years ago

\'India\'s GDP nearing to $20 trillion, per capital income at $10k by 2047\'

Deccan Chronicle  

HYDERABAD: India's GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000, Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural session at the 57th Annual Conference of the Indian Econometric Society held at the University of Hyderabad here, he said though the COVID-19 …

'Successful investing is a piece of art' says Motilal Oswal’s Raamdeo Agrawal
2 years ago

'Successful investing is a piece of art' says Motilal Oswal’s Raamdeo Agrawal

Live Mint  

Successful investing is a piece of art," says Raamdeo Agrawal, chairman and co-founder of Motilal Oswal Financial Services. Agrawal, and his team, recently brought out the 27th edition of Motilal Oswal’s Annual Wealth Creation Report tracing India’s successful companies. “There’s a lot of liquidity, the economy is bigger, and the opportunity size in India is growing at 12% every year. …

India's 100 richest got richer in 2022: Forbes data; wealth grew to...|Top 10
2 years, 1 month ago

India's 100 richest got richer in 2022: Forbes data; wealth grew to...|Top 10

Hindustan Times  

Do you know what the worth of the top 10 richest people in India is? While 2023 may look like recession to many in the world, as per the International Monetary Fund, the wealthiest people in India have had a fruitful year, the Forbes’ 2022 list reveals. Gautam Adani and Mukesh Ambani are said to account for about 30 per …

Adani & family top IIFL Wealth Hurun India Rich List
2 years, 3 months ago

Adani & family top IIFL Wealth Hurun India Rich List

The Hindu  

Gautam Adani and family, with an estimated wealth of ₹10,94,400 crore, has topped the IIFL Wealth Hurun India Rich List 2022, which was released on Wednesday. Mukesh Ambani and family has been named as the second richest in India with an estimated wealth of ₹7,94,700 crore, a growth of 11% compared with the 2021 list. While Gautam Adani and family …

Number Theory: Fine print of India’s fifth largest economy status
2 years, 4 months ago

Number Theory: Fine print of India’s fifth largest economy status

Hindustan Times  

India has surged past United Kingdom to become the fifth largest economy in the world, IMF said on September 2. A historical look at India’s global GDP ranking A historical look at the IMF’s World Economic Outlook database shows that the Indian economy has made rapid gains in terms of global GDP ranking in the past decade and half. IMF’s …

DC Edit | Growth: India must aim higher
2 years, 4 months ago

DC Edit | Growth: India must aim higher

Deccan Chronicle  

India has finally overtaken its erstwhile colonial master, the United Kingdom, in terms of the size of the economy — the first time after nearly 150 years. In October 2016, India’s GDP was $2.29 trillion compared to $2.34 trillion of the Brexit-mauled UK economy — a difference of just $50 billion — which was expected to be erased by 2017. …

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report
2 years, 4 months ago

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report

News 18  

Even as India has surpassed the UK in terms of gross domestic product to become the fifth largest economy, an SBI report now says that the Indian economy is expected to become the third largest in the world by 2029, overtaking Germany and Japan as well. The share of India’s GDP is now at 3.5 per cent, as against 2.6 …

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages
2 years, 4 months ago

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages

News 18  

India has leapt past the UK in the last three months of 2021 to become the fifth-biggest economy in the world, according to International Monetary Fund data. The development comes just days after government data showed that India’s GDP rose 13.5 per cent in the June 2022 quarter of the FY 23. GDP Expands in First Quarter India’s economy grew …

India is the 3rd Largest Billionaire-Producing Nation in the World, Adds 58 New Entrants in 2022
2 years, 9 months ago

India is the 3rd Largest Billionaire-Producing Nation in the World, Adds 58 New Entrants in 2022

News 18  

M3M Hurun Global Rich List 2022: The latest rich list by Hurun highlights the number of Indian billionaires in the context of the world. Over the last 10 years, Indian billionaires in 2022 M3M Hurun global rich list added circa US$ 700 billion to their cumulative wealth – this is equivalent to Switzerland’s GDP and twice the GDP of UAE. …

Number Theory: How rich are India’s richest – and how poor are the rest?
2 years, 9 months ago

Number Theory: How rich are India’s richest – and how poor are the rest?

Hindustan Times  

The scourge of wealth inequality is a global phenomenon. In a recently released working paper “The sky and the stratosphere: concentrated wealth in India during the lost decade”, we studied the changes in the household wealth distribution between 2012 and 2018. Official data suggests that the Gini coefficient of per adult household wealth in India fell from 0.718 in 2012 …

Oxfam report says over 16 crore more people forced into poverty in two years of pandemic
2 years, 11 months ago

Oxfam report says over 16 crore more people forced into poverty in two years of pandemic

The Hindu  

The first two years of the COVID-19 pandemic saw incomes of 99% of humanity fall and over 16 crore people were forced into poverty even as the world's ten richest men saw their fortune more than double to $1.5 trillion at a rate of $1.3 billion a day, a new study showed on Monday. The world's ten richest men saw …

Number of Indian billionaires rose to 142 in 2021
2 years, 11 months ago

Number of Indian billionaires rose to 142 in 2021

New Indian Express  

NEW DELHI: The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday. It indicates that the collective wealth of …

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot
3 years, 3 months ago

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot

India Today  

The fortunes of India’s richest have witnessed a 50 per cent rise during the Covid-19 pandemic, according to the Forbes list of 100 richest Indians in 2021. The combined wealth of 100 richest Indians on the 2021 Forbes List jumped to a record $775 billion after — a rise of $257 billion or 50% over the past 12 months. MUKESH …

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