India’s ultra-rich club grows as 576 individuals earn over Rs 100 crore a year
Figure nearly quadruples from 142 in AY 2021-22, shows Finance Ministry data
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wealthconcentration
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India
Modi govt promoting concentration of wealth; it’s attack on democracy: Congress
The Congress party accuses the Modi government of policies driving wealth concentration, leading to economic inequality and social unrest. They claim a few industrialists benefit while the MSME sector and ordinary citizens suffer, undermining democracy.
India
Number of poor rising, wealth getting concentrated in hands of some rich: Gadkari
Nitin Gadkari expressed concern over increasing poverty and wealth concentration. He advocated for wealth decentralization and job creation, criticizing sectoral GDP imbalances. He highlighted infrastructure development successes, including toll revenue and domestic investment through InvIT bonds.
