NEW DELHI — The wealth concentrated in the richest one per cent of India's population is at its highest in six decades, and the percentage share of income exceeds that of countries including Brazil and the United States, research group the World Inequality Lab found.
A man carries blankets as he crosses railway tracks on a foggy and cold winter morning in the northern Indian city of Allahabad Dec 29, 2014.NEW DELHI — The wealth concentrated in the richest one per cent of India's population is at its highest in six decades, and the percentage share of income exceeds that of countries including Brazil and the United States, research group the World Inequality Lab found.
"The 'Billionaire Raj' headed by India's modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces," the authors said. India's main opposition party Congress has raised the issue of the Modi government's closeness to billionaires, in rallies ahead of national polls that will start from April 16.
Data from Forbes billionaire rankings shows the number of Indians with net wealth exceeding US$1 billion rose from one in 1991, to 162 in 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's richest 1% has highest concentration of wealth in decades, study showsNEW DELHI: The wealth concentrated in the richest 1 per cent of India's population is at its highest in six decades and the percentage share of income exceeds that of countries including Brazil and the United States, research group the World Inequality Lab found.
Read more »
New year, new goals and new eats at Republic PlazaWhether looking for a new joint or a nutritious meal, the business district mall is thriving with options.
Read more »
International Women's Day: New study to spotlight women in tech across Southeast AsiaA new study out of Singapore will spotlight the crucial role women in tech play across Southeast Asia, in fields ranging from artificial intelligence to quantum computing.
Read more »
Study finds ‘alamak’ most popular Singlish term; ‘slay’ and Gen Z terms not well understoodThe study aims to highlight slang trends and challenges people face in learning new languages.
Read more »
India's Serum looks beyond COVID with new vaccines for malaria, denguePUNE: The CEO of the world's biggest vaccine maker, Serum Institute of India, said the company has bolstered its manufacturing ahead of launches over the next few years of shots against diseases lik
Read more »
India's Serum looks beyond COVID-19 with new vaccines for malaria, denguePUNE: The CEO of the world's biggest vaccine maker, Serum Institute of India, said the company has bolstered its manufacturing ahead of launches over the next few years of shots against diseases lik
Read more »