PM Modi's 'billionaire raj' more unequal than British Raj, says Congress

The Congress on Thursday latched on to a new rich list to attack the Centre, alleging that Prime Minister Narendra Modi's "billionaire raj" is more unequal than even the British Raj and it is also the cornerstone of the government's economic policy-making.

Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which cited the Hurun India Rich List to state that India created a new billionaire every five days throughout 2023.

"India has had one billionaire for every five days in 2023, and the non-biological Prime Minister's closest friend is the foremost among them all," Ramesh said on X.

"Modi's Billionaire Raj is more unequal than even the British Raj. But it is also the cornerstone of the government's economic policy-making," he alleged.

This is why, at a time when countries across the world are coalescing around the idea of a global billionaire tax, the Indian government has been conspicuously silent and continues to remain blind to rapidly