STOCK MARKET BSE NSE

Modi extracts wealth from India's poor, gives it to 'crony capitalist friends': Rahul

Gandhi's attack on the prime minister came over an Oxfam report which claimed that India's richest 1 per cent hold more than four-times the wealth held by 953 million people.

Published: 21st January 2020 08:52 AM  |   Last Updated: 21st January 2020 08:52 AM   |  A+A-

Former Congress president Rahul Gandhi

Former Congress president Rahul Gandhi (Photo | PTI)

By PTI

NEW DELHI: Congress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi extracts wealth from India's poor and gives it to his "crony capitalist friends" and the big power brokers he is dependent on.

Gandhi's attack on the prime minister came over an Oxfam report which claimed that India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population.

"Modi extracts wealth from India's poor and gives it to his crony capitalist friends & the big power brokers he's dependent on. 1% of India's super-rich, now own 4 times more wealth than 1 billion of India's poor," the former Congress president said in a tweet.

The total wealth of all Indian billionaires is more than the full-year budget, said the study titled 'Time to Care' which was tagged by Gandhi Oxfam also said the world's 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 per cent of the planet's population.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp