India poor News
The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.
The report also said that the multi-dimensional inequality rising amid India's 'jobless growth'.
The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed, presenting a worrying picture of rising income inequality.
About 30 crore people still live in extreme poverty in India even as the Millennium Development Goal (MGD) programme will expire in December, a United Nations report has said.
The poverty line is used to help determine government welfare benefit entitlements.
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