The growing divide

Oxfam study points to sharpening inequality

If more compelling evidence is needed of widening inequality in India, the latest global wealth report of Oxfam, a non-government organisation, offers some compelling proof. Released on the opening day of the World Economic Forum in Davos, that annual celebration of wealth, the report, titled “Survival of the Richest: The India Story”, shows that just 5 per cent of the Indians own more than 60 per cent of the country’s wealth and the bottom 50 per cent share just 3 per cent. India’s rich appear to have done well for themselves during the Covid years, the study found, with the