An Oxfam report that was published recently has confirmed what many commentators have been saying about the growing rich and poor divide.
According to this report, now just top 1% of Indians own 40.5% of total wealth! The top 10% hold 70% of total wealth and the bottom 90% just hold 30% of the total wealth.
And not only that the number of hungry Indians has grown by leaps and bounds. According to this report now more than 35 Crore Indians are classified as hungry against a figure of 19 Crores earlier.
According to findings of this report, the rich have done remarkably well for themselves during and post Covid and their wealth has surged by 121% in this period.
Detailed report can be read here
