The latest Oxfam survey reveals that the richest 1% in India cornered 73% of the wealth generated in the country last year, highlighting a worrying trend of rising income inequality.
BCCL/Representational Image
If that wasn’t bad enough, 67 crore Indians comprising the population’s poorest half saw their wealth rise by just 1%, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town.