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8 Men Own Same Wealth as Half the World: Oxfam Report - NTv

Tue, Jan 17, 2017, 11:42 AM
Oxfam Report on Income Disparities gives a severe shock to people at the time when poor are getting more poorer and rich are getting the richest. 1% people own wealth as same as half the world's which form 58%% of the nation's wealth. Having no Economic Policy Manual is said to be the reason for such drastic disparities. If the disparities will continue to take place then it is just 25 years away from the world to see the first Billionaire. In India there are 84 Billionaires and their properties are of worth Rs 17 lakh crores. In India there is disparity on the basis of gender where women are paid less comparatively. India and Singapore are having more number of inherited billionaires among the all Asian countries.
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