Lockdown Made India's Billionaires 35% Richer, Lakhs Lost Jobs: Oxfam

The coronavirus pandemic has worsened existing income inequalities between India's super-rich and its crores of unskilled, and often unemployed, men and women, non-profit group Oxfam said Monday in a report to be tabled at the World Economic Forum at Switzerland's Davos. The report - titled The Inequality Virus - said the wealth of the country's billionaires increased by an estimated 35 per cent during the lockdown, while 84 per cent of households suffered varying degrees of income loss, and 1.7 lakh people lost their jobs every hour, in April 2020 alone.

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