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Indian billionaires' wealth rose by over Rs 12 crores since March as poor suffer due to Covid: Oxfam


Updated Jan 25, 2021 · 03:36 pm
Stranded migrant workers wait to board a special train to Bihar state from MGR central railway station in Chennai on June 18, 2020.
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Arun Sankar/AFP
A report by non-profit group Oxfam on Monday revealed that the wealth of India’s 100 billionaires including Mukesh Ambani, Gautam Adani, soared during the coronavirus pandemic, while millions of others in the country lost their livelihoods. The wealth of Indian billionaires increased by 35% during the coronavirus-induced lockdown, according to “The Inequality Virus” report, published as global leaders attend the World Economic Forum’s Davos summit in Switzerland.
“India’s 100 billionaires have seen their fortunes increase by Rs 12,97,822 crores since March 2020, enough to give every one of the 138 million poorest Indian people a cheque for Rs 94,045 each,” it said. ....

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