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India's top 63 billionaires have more wealth than 2018-19 Budget outlay

The gap between the top 1 per cent and the bottom 50 per cent of the population just keeps expanding, global non-profit organisation Oxfam said in its latest annual report on income inequality

Regarding China, the report said it "spends more than twice as much of its budget on health than India, and almost four times as much on welfare spending
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Arup Roychoudhury New Delhi
India’s billionaires hold a combined total wealth that is more than the Union Budget outlay.
 
The gap between the top 1 per cent and the bottom 50 per cent of the population just keeps expanding, global non-profit organisation Oxfam said in its latest annual report on income inequality.
 
“The combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24.42 trillion,” Oxfam said in its report released on Monday.
 
“The wealth of billionaires rose from $325.5 billion (Rs 22.73 trillion) in 2017

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First Published: Jan 21 2020 | 1:05 AM IST

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