Explained: How a raging pandemic is widening India's wealth gap
Ever since India gained Independence, the country has traversed a wave of ups and downs to finally become a global powerhouse over the last five years. In India, the wealth gap has been rising sharply during the ongoing pandemic as previous levels of income inequality were already high in the country. A January 2020 study by rights group Oxfam India suggests that India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population. The study added that India's top 10 per cent of the population holds over 74% of the total national wealth. JOB & INCOME CRISIS Ever since India went under a strict lockdown on March 25, millions of the country's poorest workers were immediately rendered jobless and left without any income.
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