Updated: January 19, 2023, 04:44 PM IST
livemint
Indian billionaires, on an average,… MoreOn an average, Indian billionaires increased their wealth by 120%. While the bottom 50% have been battling inflation, their wealth has seen a decline during the exact same period. This raises an obvious question whether India should consider taxing its super rich. But more on that later. Oxfam recently published a report titled ‘Survival of the Richest’ on the opening day of the World Economic Forum in Davos, Switzerland. The report makes more such shocking claims. It is said that the richest 1% of the country owns more than 40% of India’s total wealth. While the bottom 50% or 700 million people have just 3% of India’s total wealth.