100 Indian billionaires have as much wealth as 40% population: Rahul Gandhi


Panaji, Feb 12 (IANS): India's top 100 billionaires have as much wealth as 40 per cent of the country's population, Congress leader Rahul Gandhi said on Friday.

Speaking at an election rally at the Curchorem assembly constituency in South Goa, Gandhi once again spelled out his theory of two India, which he had first advocated in Parliament earlier this month.

"In India, on the one hand, there are billionaires and on the other hand there are unemployed.

"Today, India's richest 100 persons have as much money as 40 per cent of the Indian population. On the one hand, there is 40 per cent of India's population and on the other hand, 100 billionaires.

"Today, 90 percent profit goes to 20 businesses," Gandhi said.

"The country is being further divided. On the one hand, there are a select few rich and lakhs, crores of poor on the other. We do not want such a Goa and India. If India is a country, everyone should get the opportunity, there should be justice. We want such a Goa, such an India," he added.

Gandhi also faulted the Central government for growing unemployment in the country.

"Why did employment opportunities disappear? Who creates employment? Employment is created by people who run small and medium businesses. Employment is created by small businessmen, small shop owners. Over the last eight years, the government in Delhi has attacked them," Gandhi said, blaming demonetisation and a flawed Goods and Services Tax for the phasing out of small businesses and industries.

"GST was (also) not implemented in the correct manner. Small and medium businessmen were affected. As a result, those small and medium business owners who were providing employment, their businesses shut down. They cannot provide employment anymore," he said.

Gandhi said that the electoral contest in Goa was between the BJP and the Congress, urging voters not to cast ballots in favour of smaller parties in the fray.

"The fight is between the BJP and the Congress. The rest of the parties cannot form a government. The government will be formed by the Congress and not the rest of the parties. So do not waste your vote. Congress should win with a full majority in Goa," he said.

Polling to the 40-member Goa Assembly will be held on February 14.

 

  

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Comment on this article

  • Daniel, Mangalore

    Sat, Feb 12 2022

    Elite vaccine mafia trying to control whole world also very much downsize it for better control. With big commission from BigPharma to politicians worldwide they are trying to dictate terms, such as single id, vaccine passports for business and travel Digital ID, 5G, AI, mRNA vaccines, The Beast Super computer and advanced surveilance system these trying to enslave most of humanity.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Ganesh, Mangalore

    Sat, Feb 12 2022

    Businessman are backbone of this country. We should only be careful if wealth is created through illegitimate means. Not all businesses in India can be MSME. We have to have some businessmen in cutting edge technologies like 5G and renewable energy. if there are no big Indian businessman that space will be occupied by businessman of other countries. whether it is Ambani, Adani or any other businessman for that matter, he has the same size of stomach that we have. If the money is in the business, though in the name he is the owner, there will be many stake holders for the income arising from those assets. We should however, be careful that the money is not siphoned off to some foreign countries illegitimately. otherwise there should not be much worry. Ambani becoming poor does not make the bottom half rich.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Kiran Dsouza, Bangalore

    Sat, Feb 12 2022

    Who made them billionaires? Who was ruling from past 70 years since independence? Wealth accumulated from past 70 years without doing anything for the public except a slogan " Garibi Hatao". Those people should give their accumulated wealth which deprived the 40% of the population & made them poorer & poorer by snatching their share through corrupt means.

    DisAgree [6] Agree [8] Reply Report Abuse

  • Adv. Melvyn D'souza, Udupi

    Sat, Feb 12 2022

    Does that mean every Indian should remain as a pauper?

    DisAgree [2] Agree [6] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Sat, Feb 12 2022

    Ambani & Adani have half of India's Wealth ...

    DisAgree [8] Agree [10] Reply Report Abuse

  • Gem Dsouza, India

    Sat, Feb 12 2022

    Either both born after 2014 or both were begging till 2014.

    DisAgree [5] Agree [13] Reply Report Abuse


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