Oxfam International at the World Economic Forum has released a report stating that the wealth of the country's top rich has more than doubled by November 2022 since the pandemic began.
The income gap between the rich and the poor is increasing in the country. An international agency on Monday claimed in its report that the richest one percent in India now owns more than 40 percent of the country's total wealth, while the bottom half of the population has only three percent of the total wealth.
Releasing the Annual Inequality Report on the first day of the World Economic Forum, Oxfam International said that only a five percent tax on India's top 10 rich can send children to school.
Titled 'Survival of the Richest', the report further stated that a 2 percent tax on the entire wealth of India's billionaires could fetch the government Rs 40,423 crore, which is enough to feed the malnourished for the next three years...
The wealth of Indian billionaires doubled after Corona
It has been told in the report that since the beginning of the Corona epidemic, till November 2022, the wealth of the country's billionaires have seen an increase of 121 percent and their wealth is increasing by Rs 3,608 crore per day. During this period, the number of billionaires in the country has increased from 102 to 166. The wealth of the country's 100 richest people is $ 660 billion (54.12 lakh crore).
The major contribution of common people in GST collection
According to the report, 64 percent of the total collected Goods and Services Tax (GST) of Rs 14.83 lakh crore during the financial year 2021-22 came from the bottom 50 percent of the country, while the top 10 percent collected the total during this period. contributed only three percent.
