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LATEST NEWS UPDATES | Oxfam's Inequality Report Has Big Flaws, But That Doesn't Narrow India's Stark Wealth Divide -Rukmini S

Oxfam's Inequality Report Has Big Flaws, But That Doesn't Narrow India's Stark Wealth Divide -Rukmini S

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published Published on Jan 17, 2017   modified Modified on Jan 17, 2017
-Huffington Post

Global inequality data may be skewed by debt, but Indian inequality really is as bad as it says.

Mark Zuckerberg is wealthier than the poorest 40% of Indians, and Mukesh Ambani is worth more than the poorest 30% of Indians, a new report by Oxfam says. While Oxfam might be misstating some facts on global inequality, the data on Indian inequality really is that bad.

The report, released on Monday morning, is an annual publication released by the advocacy group Oxfam to coincide with the World Economic Forum in Davos. This year, Oxfam found that the world's eight richest men - including Microsoft co-founder Bill Gates and Facebook co-founder Zuckerberg - were worth $426 billion between them, or more than the combined wealth of the poorest half of the world.

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Huffington Post, 16 January, 2017, http://www.huffingtonpost.in/2017/01/16/oxfams-report-on-inequality-has-big-flaws-but-it-doesnt-chang/?utm_hp_ref=in-homepage


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