The ranks of Indian Dollar Billionaires swelled from 102 to 140 in 12 months, if the Forbes 2021 List is to be believed (and when it comes to billionaires and their wealth, Forbes is mostly to be believed). Their combined wealth, it notes, has “nearly doubled to $ 596 billion” in just the past year.
This means 140 individuals, or 0.000014 per cent of the population, had a cumulative worth equivalent to 22.7 per cent (or well over a fifth) of our Gross Domestic Product of $ 2.62 trillion, bringing, as they always do, that whole other meaning to the word ‘Gross’.
Most major Indian dailies carried the Forbes pronouncement in that approving tone they reserve for such feats – omitting to mention what the Oracle of Pelf says in a more upfront and honest way.
“Another Covid-19 wave,” says Forbes in the first paragraph of its report on this country, “is sweeping across
— source ruralindiaonline.org | P. Sainath | Apr 18, 2021