Located in Wangsa Ukay, Ampang, the home – which has undergone three major renovations – features a spiral staircase, perforated walls and skylight among its design elements.
A man carries blankets as he crosses railway tracks on a foggy and cold winter morning in the northern Indian city of Allahabad December 29, 2014. REUTERS/Jitendra Prakash/File Photo
Since India, which won its independence in 1947 from Britain, opened its markets to foreign investment in 1992, its number of billionaires has surged. By the end of 2023, India's richest citizens owned 40.1% of the country's wealth, the highest since 1961, and their share of total income was 22.6%, the most since 1922, the study, whose four authors included Nitin Kumar Bharti and Thomas Piketty, found.His critics say his last two terms in office have been characterised by a widening gap between rich and the rural poor as India's economy grew at 8.4%, its fastest in one-and-half years, in the final three months of 2023.
The World Inequality Lab said factors, including a lack of education has trapped some people in low-paid jobs and depressed the growth of the bottom 50% and middle 40% of Indians.
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