by Stan Swamy
The print media has reported that from among the 946 billionaires in the world 36 are Indians. The total assets of these Indians is reported to be $191 billion ($191,000 crores or Rs. 85,95,000 crores) which is about 25% of India’s Gross Domestic Produce (GDP). That means the rest of the 100 crore Indians have the remaining 75% to share among them. Another study reveals that whereas in China the better off 50% of the population own 14 % of the nation’s wealth, in India the better off 50% Indians own 92% of India’s wealth. That means, the worse off 50% Indians have only 8% to share among themselves.
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