Asia Times India’s richest 1% cornered 73% of wealth last year: Oxfam

Summary:
Income disparity in India has become even more stark, showing that efforts to alleviate poverty and achieve more inclusive growth have had little success. A survey carried out recently by international rights group Oxfam revealed that the richest 1% in India cornered 73% of wealth generated in the country last year, Press Trust of India has reported. A similar survey last year showed that India’s richest 1% held 58% of the country’s total wealth — higher than the global figure of about 50%. The Oxfam survey, ahead of the World Economic Forum summit at Davos, revealed that the 670 million poorest Indians saw their wealth rise by just 1%.... How's Modi's neoliberalism workin' for ya?Asia TimesIndia’s richest 1% cornered 73% of wealth last year: OxfamSee alsoThe WireBeijing’s Trajectory

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Mike Norman considers the following as important: India, Indian economy, inequality

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