News > Income of 84% Indian households fell in 2021 while 40 new billionaires emerged

Income of 84% Indian households fell in 2021 while 40 new billionaires emerged

The income of 84% Indian households declined in 2021 while the number of billionaires in the country grew from 102 to 142 during the last year. However, in the same year, the bottom 50% of the country’s population held just 6% of the national wealth.

The collective wealth of India's 100 richest people hit a record high of Rs 57.3 lakh crore.Oxfam's analysis during the coronavirus pandemic showed that the wealth of Indian billionaires rose from Rs 23.14 lakh crore to Rs 53.16 lakh crore.