CURRENT AFFAIRS

Detailed explanation-1: -The pandemic period – March 2020 to November 2022, has been particularly profitable for Indian big business with the number of billionaires in India increasing from 102 in 2020 to 166 in 2022.

Detailed explanation-2: -Oxfam India’s latest report which was released on the opening day of the World Economic Forum in Davos, Switzerland reveals that the total number of billionaires in India increased from 102 in 2020 to 166 billionaires in 2022.

Detailed explanation-3: -Oxfam said the total number of billionaires in India increased from 102 in 2020 to 166 in 2022. The combined wealth of India’s 100 richest has touched USD 660 billion ( ₹54.12 lakh crore) -– an amount that could fund the entire Union Budget for more than 18 months, it added.

Detailed explanation-4: -DAVOS: The richest one per cent in India now own more than 40 per cent of the country’s total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.

Detailed explanation-5: -The combined wealth of India’s 100 richest has touched $660 billion (Rs 54.12 lakh crore) - an amount that could fund the entire Union Budget for more than 18 months, the report stated.