Survival Of The Richest Report : Oxfam
According to a new study by Oxfam International, the richest 1% of people in India now own more than 40% of the country’s total wealth, while the bottom half of the population together share just 3% of wealth.
- The study, titled “Survival of the Richest,” was released on the first day of the World Economic Forum Annual Meeting.
- The report also highlights the impact of gender inequality on earnings.
- It states that female workers earned only 63 paise for every 1 rupee a male worker earned. For Scheduled Castes and rural workers, the difference is even starker the former earned 55% of what the advantaged social groups earned, and the latter earned only half of the urban earnings between 2018 and 2019.