At a time when policymakers are struggling to find ways to reduce inequalities, a recently released wealth report showed that there has been a 34 per cent increase in the number of Indians having a net worth of Rs 1,000 crore or more.
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Significantly, these individuals who number 831, collectively own a quarter of India’s GDP with a net worth of $719 billion, says the report, which quotes the IMF April 2018 data pegs GDP at $2.85 trillion.
AFP