Inequality kills: India supplement 2022

The India Supplement 2022—Inequality Kills—reveals that when 84 percent of households in the country suffered a decline in their income in a year marked by tremendous loss of life and livelihoods, the number of Indian billionaires grew from 102 to 142. It also states that just a one percent wealth tax on 98 richest billionaire families in India can finance Ayushman Bharat, the national public health insurance fund of the Government of India for more than seven years. The briefing was published, ahead of the of the World Economic Forum’s Davos Agenda. The briefing indicates that the collective wealth of India’s 100 richest people hit a record high of INR 57.3 lakh crore (USD 775 billion) in 2021.