Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam

The burden of tax, especially indirect, falls more on the poor half

The richest one per cent of Indians own over 13 times more wealth than the bottom 50 per cent, according to a report by Oxfam India. The top five per cent own 61.7 per cent of the total wealth, nearly 20 times more than the 3 per cent owned by the bottom half. 

According to the "Survival of the Richest: The India Supplement'', released by the non-government organisation (NGO), wealth inequality gets denser on the top. More than half of the wealth of the top 10 per cent of richest Indians is owned by the top 1 per cent.