 Summary of this article
- The Congress on Sunday alleged that Prime Minister Narendra Modi’s economic policies are driving an unprecedented concentration of wealth, with just 1,687 people now owning half of India’s wealth.
- Citing the Hurun India Rich List 2025, Ramesh said the MSME sector is under pressure, social welfare schemes like MGNREGA are struggling, and “economic power in a few hands” threatens the “very soul of democracy.”
Flagging the issue of growing wealth concentration, the Congress on Sunday alleged that it is driven by the Modi government's economic policies and warned that it is not merely an economic issue but a “direct attack on the very soul of democracy.”
Congress General Secretary (communications) Jairam Ramesh shared a media report on X claiming that India is emerging as a new hub of billionaires, with the number of ultra-rich individuals increasing rapidly every year.
"One report after another is warning about the widespread concentration of wealth in India. While millions of Indians struggle to meet daily needs, just 1,687 people possess half the country's wealth," Ramesh said in a post in Hindi on X. |
