4.6cr Slid Into Extreme Poverty, Billionaire Count Rose In '20: UN
The Times of India Mumbai|January 17, 2022
Oxfam Report Lays Bare Disparities
Ambika Pandit
4.6cr Slid Into Extreme Poverty, Billionaire Count Rose In '20: UN

New Delhi: A new report on rising inequality highlights that while 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020, accounting for nearly half of the global ‘new poor’ according to the United Nations, the number of Indian billionaires grew from 102 to 143 during the pandemic period. The collective wealth of India’s 100 richest people hit a record high of Rs 57.3 lakh crore ($775 billion) in 2021.

The analysis is part of the statement released by Oxfam India, based on the ‘Inequality Kills Report: The Davos India Supplement’, that is part of the global report to be released at the World Economic Forum’s virtual event ‘The Davos Agenda’ on Monday.

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