New Delhi (CNN Business) India has been hobbled by an economic slump and a brutal wave of coronavirus that new research shows pushed millions of people into poverty . Leading other Asian billionairesAmbani spent much of the pandemic as Asia's wealthiest person, ahead of many Chinese tycoons. Alibaba BABA Other Chinese billionaires, includingco-founder Jack Ma , have taken a hit as Beijing cracks down on tech entrepreneurs. He added that almost every major sector in India is now ruled by one or two incredibly powerful corporate houses. The Abdul Latif Jameel Poverty Action Lab has been studying the impact of the pandemic on workers from some of India's poorest states.

Source: CNN July 06, 2021 03:56 UTC