News > India’s Economic System Rigged in Favour of the Super-Rich

India’s Economic System Rigged in Favour of the Super-Rich

Newsclick | 17/01/2022 07:13 PM | Click to read full article

The report pointed out that in India, during the pandemic - between March 2020 and November 30, 2021 - the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore.

At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised," the report said.