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“Survival of the Richest” Report
January 19 , 2023
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- The study titled “Survival of the Richest,” was released by Oxfam International.
- As per the report, the richest 1% in India now own more than 40% of the country’s total wealth.
- While the bottom half of the population together share just 3% of wealth between 2012 and 2021.
- The report states that taxing India's ten-richest individuals at 5% could generate enough money to bring children back to school.
- Female workers earned only 63 paise for every 1 rupee earned by male workers.
- The Scheduled Castes and rural workers, earned 55% and half of what the advantaged social groups earned respectively, between 2018 and 2019.
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