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 Times
India’s richest 1% cornered 73% of wealth last year: Oxfam
See also
The Wire
Beijing’s Trajectory in Science and Technology Shows India Is Far Behind in the Game
Manoj Joshi | Distinguished Fellow, Observer Research Foundation
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