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have risen by a yearly average of just 2 total number to 101. The Indian With Prime Minister Narendra Modi
per cent,” it said. In India, it will take billionaires’ wealth increased to over attending the WEF meeting in Davos,
941 years for a minimum wage worker Rs 20.7 lakh crore — increasing during Oxfam India urged the Indian
in rural India to earn what the top paid last year by Rs 4.89 lakh crore, an government to ensure that the
executive at a leading Indian garment amount sufficient to finance 85 per cent country’s economy works for
firm earns in a year, the study found. of the all states’ budget on health and everyone and not just the fortunate
In the US, it takes slightly over one education. few.
working day for a CEO to earn what an It also said India’s top 10 per cent Modi on his part told top CEOs
ordinary worker makes in a year, it of population holds 73 per cent of the that India means business and presents
noted. Citing results of the global wealth and 37 per cent of India’s an exciting opportunity for global
survey of 70,000 people surveyed in billionaires have inherited family businesses. Addressing a roundtable
10 countries, Oxfam said it wealth. They control 51 per cent of the on the sidelines of the World
demonstrates a groundswell of total wealth of billionaires in the Economic Forum (WEF) gathering, the
support for action on inequality and country. The survey also showed that prime minister narrated India’s growth
nearly two-thirds of all respondents women workers often find themselves story. Under the tagline of ‘India Means
think the gap between the rich and the at the bottom of the heap and nine out Business’, the roundtable was attended
poor needs to be urgently addressed. of 10 billionaires are men. In India, there by 40 CEOs of global companies and
About India, it said the country added are only four women billionaires and 20 from India.
17 new billionaires last year, taking the three of them inherited family wealth. (PTI Feature)

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