The report noted that by the latest estimates, the total wealth of Indian billionaires is 15 per cent of the GDP of the country; this has risen from 10 per cent only five years ago.
The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.
Biotechnology pioneer Kiran Mazumdar-Shaw says the latest list of 100 rich persons in India reflects the state of the economy.
In a clear indication of rising income inequality in the country, India's richest one per cent now hold a huge 58 per cent of the nation's total wealth – higher than the global figure of about 50 per cent, a new study said on Monday.
Mukesh Ambani, Chairman of Reliance Industries Ltd (RIL), has retained the top slot on the Forbes annual list of India’s 100 richest tycoons
New York: Mukesh Ambani has retained his position as the richest Indian for the eighth year in a row with a networth of US dollar 21 billion, while moving up one place on the global
New Delhi: Energy tycoon and Reliance Industries Chairman Mukesh Ambani is India's richest man with personal assets of $18.9 billion, a report says.According to the China-based Hurun India Rich List, Mr. Ambani retained the top
New York, Oct 25: Mukesh Ambani has retained his position as the world's richest Indian for the fifth year in a row, although his networth declined by USD 1.6 billion to USD 21 billion but
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