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The wealth of billionaires grew by 35% in lockdown, the poor were forced to eat: Oxfam

Posted on January 25, 2021January 25, 2021 by Nidhi Malviya

During the biggest economic crisis, the wealthiest people earned a lot of wealth, while crores of people are living very hard.
Referring to the inequality of income in the report, it was told that it would take an unskilled laborer ten thousand years to earn the same amount of income that Mukesh Ambani earned during an hour.

New Delhi: Oxfam, an organization working for poverty alleviation, has said that the wealth of Indian billionaires increased by 35 per cent during the lockdown imposed due to the Corona virus epidemic, while during this time a livelihood crisis was created for crores of people.

The wealth of 100 billionaires increased by Rs 12,97,822 crore

Oxfam’s report ‘Inequality Virus’ said, “The wealth of 100 billionaires in India has increased by Rs 12,97,822 crore in the period after March 2020”.

If this amount is distributed among the 13.8 crore poorest people in the country, then Rs 94,045 can be given to each of them.

An unskilled laborer will take 10 thousand years to earn one hour of Ambani’s earnings – report

Referring to the inequality of income in the report, it was told that it would take an unskilled laborer ten thousand years to earn the same amount of income that Mukesh Ambani earned during an hour.

According to the report, the corona virus epidemic is the biggest health crisis of the last hundred years and this has led to the biggest economic crisis after the Great Depression of 1930.

Crores of people are living through extremely difficult

Oxfam CEO Amitabh Behar said, “This report clearly shows how the wealthiest people earned a lot of wealth during the biggest economic crisis due to the unjust economic system, while millions of people went through very difficult times.” are doing.”

Nidhi Malviya

Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.

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