How India's rich doubled their fortunes during Covid crisis as the poor got poorer I Oxfam Report
According to the global Oxfam Davos report of 2022, India's richest have more than doubled their fortunes during the Covid-19 crisis. It said that the Indian go nment should revisit its policies to redistribute wealth. India added 40 billionaires to 142 last year amid a devastating second wave of Covid-19. However, In 2020, the number of poor doubled to 134 million, more than a Pew research had estimated. Gautam Adani had India’s largest wealth surge last year and the fifth biggest in the world. Adani added $42.7 billion to his fortune, which now stands at almost $90 billion. Mukesh Ambani’s net worth climbed by $13.3 billion in 2021, and he’s now valued at $97 billion.
Well a proper discussion on this topic should be done by economists with go nment on this issue, and if there is a need of any changes, then go for it
Not only Ambani and Adani. India also produced 33 unicorns. i.e., huge number of millionaires also. Pandemic made huge number of people richer.
Indian people are fans of musk,bill gates,waren Buffett,Jeff bejoz but criticise Ambani,adani though they employ huge number of Indian people and contribute so much in Indian economy....
According to me, Mr Ratan Tata is the richest amongst all these.. he has definitely secured himself a special place in Heaven through his good deeds, especially towards his own country and the people.. i have a huge huge huge respect for Mr Ratan Tata.
Have they asked USA or west also that? Because rich getting rich is not India specific phenomena in covid.
Meanwhile our neighbour revising its monetary distribution which is more inclined towards alleviating poverty and here we by increasing FDI /FII shaped ourselves accordingly as pro -richer aiding thus widening the gap between poor and richer one
Mukhesh Ambani sir and Gowtham Adani sir please develop our nation's infrastructure, our country has put many hopes on you both too.
Kim Jong Un
Thankyou Ambani for internet revo tion India. Only because of the revo tion we managed pandemic by online classes or else 2 years would have been wasted. Also so many startups due to many users of internet.
& Credit goes to Mr Modi. Well done our dear PM. We Indians(ur bhakts ) r very happy to hear this Keep going. Adani-Modi-Ambani: The Three Musketeers
we should think about how we push out poor ppl from poverty to middle class rather than dragging rich to poverty.
Every one can be rich, only mind set needed and hard work, so don't make silly excuses for being poor , do what ever you are doing with focus and dedication
Entire INDIA proud on AMBANI & ADANI. I also start startup in 2018 & now my business profit 17 crore every year & continue growing.
Thank you Modiji !
While the poor walk 1000 miles by walk just to reach home to safety.
Get some Gyan .
The rich of the world have become richer in the last 2 years .
It has got nothing to do with Modiji .
Dont blame him for everything
India's main focus should be Boosting life quality for Indian people As our economy grows money and Food and Shelter should reach Every house
Security should cannot be ignored
It is a Must for India Defence spending will growl as They economy grows
See how all our patriotic Indians defend and in fact cheer the pair to continue becoming richer, but if the neighborhood someone gets richer they have a problem, that's why we are progressing so fast.
that's sad whats happening
They pay huge tax
Yeah definitely we need bnce this to some extent, unemployment and poverty are real
Happy to see india business man becoming more richer ... which helps to boost economy and create more jobs .....but poors are becoming more poor , specially during the pandemic which is very sad . It's much better than that if richer remain richer and Poor's turn into middle class . Which will boost our economy 10times faster .
Instead of trying to stop the rich, try to attract more job intensive manufacturing companies which can provide jobs, which can then help uplift the poor. Wealth tax doesn't work and is counter productive. India needs more industries and billionaires who can invest. Oxfam can give these free advice to USA which has also seen huge rising gap between the rich and poor, and see if they agree to it.
Good to know about it , wish they help their employees also grow rich and create more employment opportunities , Modi just cant help 2 Gujjus to build wealth!!
Not just indian rich, the rich of the world have profited heavily .
The fuel and food prices in the west has seen so much inflation in the last year .
Electricity and oil bills have skyrocketed in Germany .
Dont show ur ignorance by blaming Modiji .
Neither of them will be able to take their wealth along with them when they die.
They both employed lakhs of people of India. India needs entrepreneurs to create jobs, not po iticians who criticize them.
Surojeet Advaita Vijayate
As long as they will work for India, create jobs & develo Indian products & finished goods which can be sold around the world I don't have any issues.
Apart from that I have issues with these getting rich squishing Indian wealth only through monopoly.
there should be a wealth tax on billionaires
Simple more the billionaires more will be the companies more will be the job more the job less the poor less the unemployed more the economy grow
How do we redistribute wealth??