New Delhi, Jan 25: India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
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100 richest Indians add Rs 13 lakh crore during pandemic; can give 13.8 cr poorest Rs 94,000 each
Oxfam s The Inequality Virus report said it would take an unskilled worker 10,000 years to make what businessman Mukesh Ambani made in an hour during the pandemic and three years to make what he made in a second
PTI | January 25, 2021 | Updated 18:07 IST
Findings of the report showed that rich got richer during the pandemic
India s 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the COVID-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
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New Delhi: The top 100 billionaires in India earned Rs 12.98 lakh crore in the 10 months starting March 2020, when the Covid-19 lockdown first kicked in, while around 92 million people lost their jobs in the informal sector in the first two months, international NGO network Oxfam has said in a report. Â
Titled âThe Inequality Virusâ, the report seeks to assess the impact of Covid-19 on inequality around the world. It was released Monday, the opening day of the World Economic Forumâs âDavos Dialoguesâ. Â
The report also comprises a survey of 295 economists from 79 countries, which reveals that 87 per cent of the respondents expect an âincreaseâ or a âmajor increaseâ in income inequality in their country as a result of the pandemic, which wreaked havoc on the economies of nations worldwide.
India’s 100 top billionaires saw their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 138 million poorest Indians a cheque for Rs 94,045 each. The latest India supplement of the Oxfam report ‘The Inequality Virus’ said it would take an unskilled worker 10,000 years to make what Mukesh Ambani made in an hour during the pandemic and three years to make what he made in a second. The report was released on the opening day of the World Economic Forum s ‘Davos Dialogues’. Calling the coronavirus pandemic the world s worst public health crisis in a 100 years, the report said it triggered an economic crisis comparable in scale only with the Great Depression of the 1930s.