The fortunes of India’s 100 #billionaires increased by ~Rs 13 lakh crore ($17.8 bn) between March 18 and December 31, 2020, enough to give 138 million of the poorest Indians Rs 94,045 each, says a recently released @OxfamIndia report #inequality
oxfamindia.org/press-release/…
The wealth of Indian #billionaires was at $422.9 billion in July 2020, which increased by 35% between April and July 2020, during the #COVIDLockdown #inequality
pwc.ch/en/publication…
The wealth of Indian #billionaires increased 90% between 2009 and 2020. India ranks 8th among 9 countries analysed on increases in billionaire wealth btwn 2009 & 2020, after China, France, Canada, Germany, the US & the UK, Brazil
pwc.ch/en/publication…
If India’s top 11 #billionaires are taxed 1% on the increase in their wealth, it will be enough to increase the allocation of the Jan Aushadhi Scheme, which provides affordable medicines to the poor and marginalised, by 140 times, the report says #inequality
Nine of the richest Indians now own wealth equivalent to the poorest 50% of the country. The top 1% own 52% of national wealth while the poorest 60% own only 5%, we had reported in Jan 2019: #inequality
indiaspend.com/wealth-of-10-r…
The inc in the wealth of the richest Indian, Mukesh Ambani, during the #pandemic could keep 400 mn informal workers out of poverty for ~5 months, the report says. India’s workforce is mostly engaged in the informal sector, we reported in May'19 #inequality
bit.ly/3tbpGg7
“Virtually nothing has been provided by the Centre against the jobs lost by the informal workers and the circular migrants,” Ravi Srivastava, director, Centre for Employment Studies at the Institute for Human Development, told us in May 2020:
indiaspend.com/centre-has-off…
17 mn women lost their jobs in April 2020 & unemployment for women rose by 15% from a pre-#lockdown level of 18%, says the @OxfamIndia report. Read our Women@Work series on the challenges women face in the workforce:
indiaspend.com/womenwork
For every 100 women employed in December 2019, 74 lost work during the #lockdown, and another 11 had lost work by August 2020, we reported on Jan 20, 2021:
indiaspend.com/economy/pandem…
The complete @OxfamIndia report can be accessed here: d1ns4ht6ytuzzo.cloudfront.net/oxfamdata/oxfa…

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More from @IndiaSpend

27 Jan
30% of households who had said in Jun 2020 that they had lost their source of income because of #COVID19 had returned to work in Oct 2020, but most of them were self-employed in agriculture, as per a survey by the National Council of Applied Economic Research (@ncaer). Thread:
The telephonic survey was conducted twice, once in June among 2,068 households and then in October among 1,989 households. In the October survey, 65% of the households surveyed were the same as in the 1st round
Many of those who lost their jobs due to #COVID19 and the #lockdown were forced into self-employment, Mahesh Vyas, MD, @_CMIE told us in Jan 2021. India still has 15 million missing jobs compared to the pre-#COVID19 months, he had said:
indiaspend.com/economy/millio…
Read 10 tweets
25 Jan
By Jan 24, 2021, 1.6 million Indian health workers or, about 1 in 1,000 Indians, had received the 1st dose of the #COVID19#vaccine, data from the govt show. The UK has vaccinated 95/1,000 and the US 56/1,000. Follow this thread to know more:
India vaccinated more people (207,229) on Jan 16, 2021, the 1st day of the #COVID19 vaccination drive, compared to France, UK & the US, the govt said. How this compared:
India: 0.15/1,000
US: 0.24/1,000
UK: 0.29/1,000
France: 0.001/1,000
Image
The Indian government began vaccinating a priority group of 300 million people with two #COVID19 #vaccines--@SerumInstIndia’s #COVISHIELD & @BharatBiotech’s #COVAXIN--on January 16, 2021 Image
Read 11 tweets
15 Jan
#AirPollution, measured by annual PM2.5--particles finer than a human hair--reduced in bigger cities such as Delhi & Varanasi but increased in smaller cities such as Fatehabad & Moradabad, finds a @CSEINDIA analysis of 26 cities. Follow the thread for insights:
In many cities in the upper Indo-Gangetic plains, avg PM2.5 levels were above 2019 levels. #AirPollution in Fatehabad, in northern Haryana, deteriorated the most, with PM2.5 levels increasing 35% from 2019
The %age of PM2.5 in the coarser PM10--which determines air toxicity--was in the high 40s in Oct & remained so in Nov, averaging 55% in Amritsar, 48% in Chandigarh & 53% in Patna. It reached 64% in Amritsar, 69% in Chandigarh & 62% in Patna during #Diwali2020
Read 11 tweets
14 Jan
A comprehensive school management programme implemented in Madhya Pradesh government schools did not improve their functioning or students’ learning, says a working paper on the impacts of the programme. More in this thread:
The study, co-authored by @karthik_econ of @UCSanDiego & @singhabhi from @handels_sse, analysed the impact of a school management prog developed by the MP govt in collaboration with education services provider Ark across 1,774 randomly selected elementary schools
Although this flagship education reform showed no change in student learning or teacher absenteeism, it has been expanded to 600,000 schools nationally and is expected to cover 1.6 million schools eventually, the study says
Read 10 tweets
13 Jan
International #migration from India rose 3X between 1990 (6.6 million) and 2019 (17.5 million).
Most Indian migrants (3.4 million) went to the United Arab Emirates (UAE). Follow this thread for more findings from the December 2020 Asia-Pacific Migration Report by @UNESCAP:
India and China were the world’s largest remittance recipients, receiving over $83 billion and $68 billion in 2019, respectively, the report says
Because of COVID-19, remittances to India are likely to fall by 9% in 2020. By October 2020, India had received $75.9 bn (Rs 5.5 lakh cr) in remittances, per @WorldBank 2020 data worldbank.org/en/topic/migra…
Read 8 tweets
9 Jan
Today, Deepak Maravi, 45, of Bhopal was reported to have died during a @BharatBiotech & @ICMRDELHI #COVIDvaccine trial. It is unclear if Maravi received a vaccine or a placebo, & what exactly caused his death, but a media storm has ensued. Follow @AnooBhu’s thread from Bhopal:
On Jan 3, 2021, India’s drug controller approved 2 #COVID19 vaccines, #COVISHIELD by @AstraZeneca & @UniofOxford, & #COVAXIN by @BharatBiotech & the Indian Council of Medical Research (@ICMRDELHI). The approvals were controversial as relevant data was not made public
All #vaccine trials are required to record, investigate and report on ‘adverse events’, or serious medical reactions. When these occur, a committee evaluates if the reaction was related to the vaccine. There is no information yet from @bharatbiotech on Maravi’s death
Read 11 tweets

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