Number of billionaires increased in India, household income declined: Oxfam

11:00:00 PM, Monday 17th of January 2022 | in business

In 2021, the income of 84% of Indian households fell, however, the number of billionaires in the country increased from 102 to 142, states a report by Oxfam. The "Inequality Kills" report states that India's 10 wealthiest people can support schooling and higher education for the country's children for the next 25 years. This underlines a widening economic gap aggravated by the COVID-19 pandemic.