Oxfam Executive Director Gabriela Bucher has said traditionally in most countries wealth has been concentrated to only one per cent of the population, but with the two years of the Covid pandemic, this has narrowed to two-thirds of total new wealth going to the one per cent. Oxfam on Monday released its latest inequality report that said the richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth. "The inequality between the rich and the poor has been increasing across nations. The fortunes of billionaires have been rising by $2.7 billion a day," Ms Bucher said.
The Future Investment Initiative debuted in 2017 as a showcase for Crown Prince Mohammed bin Salman's dream of diversifying the economy of the world's largest crude exporter away from oil.
It has been India's year on the sidelines of the World Economic Forum in Davos, Switzerland, with genuine global interest in the India growth story, a clear outlier to the overall state of global growth.
Given the heavy snowfall and significant traffic on the way to Davos this year, it became apparent that opting for the hour's helicopter flight from Geneva was a practical choice.
Union Minister Smriti Irani said today that data about women have thrown up a stunning story of enterprise at the grassroots.
The Indian economy is expected to touch real GDP growth of seven per cent next year, Reserve Bank of India Governor Shaktikanta Das told NDTV Thursday on the sidelines of the World Economic Forum in Davos.
Pakistan's caretaker Prime Minister Anwar-ul-Haq Kakar will cut short his visit to the World Economic Forum in Davos after Islamabad announced strikes in Iran, the government said.
The paths of two influential women of Indian origin crossed at the 54th Annual Meeting of the World Economic Forum in Davos. International Monetary Fund's Deputy Managing Director chief Gita Gopinath and Chanel CEO Leena Nair captured the moment with
Union Women and Child Development Minister Smriti Irani said that Prime Minister Narendra Modi prioritised sanitation and women's dignity.
The sudden risk in navigating the maritime routes of the Red Sea is a matter of concern, but "there is enough wisdom around" to not allow the situation to escalate, Union minister Hardeep Singh Puri has told NDTV.
Union Minister Ashwini Vaishnaw spoke to NDTV on the sidelines of the World Economic Forum summit in Davos, Switzerland, and said the regulation of Artificial Intelligence is an important issue and there are global concerns
Telangana Chief Minister A Revanth Reddy led his state's delegation at the World Economic Forum (WEF) summit in Switzerland's ski-town Davos on Tuesday and brought home a huge cache of investments.
U.S. Secretary of State Antony Blinken was briefly stranded in Davos on Wednesday after his plane experienced a "critical failure" related to an oxygen leak and another plane is being flown to Switzerland to pick him up,