A report by non-profit group Oxfam on Monday revealed that India’s 100 billionaires including Mukesh Ambani, Gautam Adani, have seen their wealth soar during the coronavirus pandemic, while millions of others in the country lost their livelihoods. The wealth of Indian billionaires increased by 35% during the coronavirus-induced lockdown, according to “The Inequality Virus” report, published as global leaders attend the World Economic Forum’s Davos summit in Switzerland.
“India’s 100 billionaires have seen their fortunes increase by Rs 12,97,822 crores since March 2020, enough to give every one of the 138 million poorest Indian people a cheque for Rs 94,045 each,” it said.
The non-profit group said other top India billionaires like Shiv Nadar, Cyrus Poonawalla, Uday Kotak, Azim Premji, Sunil Mittal, Radhakrishan Damani, Kumar Manglam Birla and Laxmi Mittal working in sectors like coal, oil, telecom, medicines, pharmaceuticals, education and retail also saw…