During The Corona Epidemic, Mukesh Ambani Earned As Much As What It Would Take Ten Thousand Years For A Laborer To Earn Within An Hour
Friyana Munshi
Mumbai, January 25, 2021: An unskilled laborer will take three years to earn the amount billionaire Mukesh Ambani earns in a second. Accordingly, a laborer will take ten thousand years to earn as much as Ambani earns in an hour. Oxfam, an organization working for poverty alleviation, has claimed the above in their report. The report was released on the first day of the ‘Davos Dialogue’ of the World Economic Forum.
The report states that during the lockdown imposed due to the coronavirus pandemic, the wealth of Indian billionaires has increased by 35 percent, while millions of people didn’t have food to eat this period. Oxfam’s report ‘Inequality Virus’ reported that the wealth of 100 billionaires in India increased by Rs 12,97,822 crore in the period after March 2020. If this amount is distributed among the 13.8 crore poorest people in the country, then everyone would get Rs 94,045. The report pointed out that the coronavirus epidemic is the biggest health crisis of the century and it caused the greatest economic crisis since the Great Depression of 1930.
According to Oxfam Chief Executive Officer Amitabh Behar, this report shows how the unjust economic system increases the wealth of the rich during the economic crisis, while making it difficult for millions of people to live. According to Behr, initially, it was felt that the epidemic would affect everyone equally, but the lockdown led to oddities.
The India-centric section of the report said that the wealth of Indian billionaires increased by 35 percent during the lockdown. India came in sixth place after America, China, Germany, Russia, and France in terms of the wealth of billionaires. Around 12.2 crore people lost jobs during the epidemic and lockdown, of which 9.2 crore (75 percent) were from the informal sector. The report said that the increase in income of the 11 major billionaires of India during the epidemic could provide the current budget of the MNREGA and the Ministry of Health for a decade.
