Mukesh Ambani Made Rs 90 Crore Per Hour During COVID Pandemic While Poor Struggled To Survive
The wealth of Indian billionaires increased by 35 per cent during the lockdown and by 90 per cent since 2009 to $4229 billion ranking India sixth in the world. The rich have been able to escape the pandemics worst impact and white-collar workers have easily isolated themselves. Most of India has faced a loss of livelihoods and its economy has dipped into recession for the first time after a quarter of a century.
Oxfam, in its latest report, flagged the widening inequality during the COVID pandemic period.
¡°The wealth of Indian billionaires increased by 35 per cent during the lockdown and by 90 per cent since 2009 to $422.9 billion ranking India sixth in the world after the US, China, Germany, Russia and France,¡± stated the report titled ¡®The Inequality Virus¡¯.
PTI
The Oxfam¡¯s report said that the wealth of India¡¯s top 100 billionaires shot up by Rs 12.97 trillion, which is enough money to support the vaccination drive of the 138 million poorest Indians.
Mukesh Ambani made Rs 90 crore per hour
The rise to inequality was so massive that it would take an unskilled worker 10,000 years to make what Ambani made in an hour during the pandemic and three years to make what Mukesh Ambani made in a second.
Reuters
¡°The rich have been able to escape the pandemic¡¯s worst impact, and white-collar workers have easily isolated themselves and have been working from home. However, most of India has faced loss of livelihoods,¡± the report said.
India's 100 top billionaires have seen fortunes increase by Rs 12,97,822 crore since March last year which is enough to give 13.8 crore poorest Indians cheque for Rs 94,045 each: Oxfam
¡ª Press Trust of India (@PTI_News) January 25, 2021
The wealth of Indian billionaires increased by 35 per cent during the lockdown and by 90 per cent since 2009 to $422.9 billion ranking India, sixth in the world after US, China, Germany, Russia and France.
This is despite the fact that most of India has faced a loss of livelihoods and its economy has dipped into recession for the first time after a quarter of a century.
