The Myth of Development by Privatisation

Oxfam’s report ‘Inequality Kills 2022’ and its India supplement (hereafter referred to as the report) revealed some shocking facts about the growing gap between the rich and poor. India, which has the third highest number of billionaires in the world, endured one of the longest-lasting COVID-induced lockdowns in 2020. Yet, the same year, the top 10 percent of India held close to 45 percent of the country’s total national wealth.