Wealth of 101 Indian Billionaires equals 13% of GDP.

We have been telling that inequality is widening rapidly after the implementation of Neo-Liberal policies. A very big portion of the wealth that is being generated in the country, is being garnered by the big corporates. Statistics say that 1% of the Indian population is having 58% of the Nation’s wealth. Now, one more evidence has come to prove our claim that, the rich is growing richer. According to the Forbes 2017 Billionaires list, 101 Indian Billionaires are having wealth which is equivalent to 13% of India’s GDP. It must also be noted that simultaneously news are coming from many states reporting starvation deaths.

 [Source: Times of India dated 20.11.2017]