In the last 12 months, the "wealth of this elite group increased by Rs 20.91 lakh crore. Indian billionaires' wealth increased by Rs 4.89 lakh crore - from Rs 15.78 lakh crore to over Rs 20.67 lakh crore, the report said. The Oxfam study drew on data sourced from Credit Suisse's "Global Wealth Databook" and UN population statistics. We need to spend on schemes which could help generate income and wealth for the poorer sections." Nisha Agrawal, CEO of Oxfam India, said: "It is alarming that the benefits of economic growth in India continue to concentrate in fewer hands.

Source: The Telegraph January 22, 2018 21:22 UTC