Oxfam India warns of sharply rising inequality in India

Inequality in India is real and has been rising sharply for the last three decades as an unfortunate legacy of the lopsided policy choices made by successive governments, Oxfam India said today as it published a new report.The report The Widening Gaps: India Inequality Report 2018 provides a...

Richest 1 percent bagged 73 percent of wealth created last year - poorest half of India got 1 percent, says Oxfam India

73 percent of the wealth generated last year went to the richest one percent, while 67 crore Indians who comprise the poorest half of the population saw one percent increase in their wealth. In the last 12 months the wealth of this elite group increased by Rs 20,913 billion. This amount is...