India’s Richest 1% Hold More Than Half Of National Wealth: Report

New Delhi: “Rising wealth inequality threatens the social fabric of the nation,” says the Oxfam Inequality Report 2019, released on Monday.The report details shocking levels of wealth inequality in the country, adding that wealth is being further concentrated in the hands of the richest while the poor are pushed deeper into deprivation. “High levels of wealth disparity subverts democracy,” the report says.Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004.
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