Richest 1% own 40.5% of India's wealth, says new Oxfam report

In 2022, the number of billionaires in the country increased to 166 from 102 in 2020, the report said.

Meanwhile, it added that the poor in India "are unable to afford even basic necessities to survive".

BBC reports the charity called on India's finance minister to levy a wealth tax on the ultra-rich to tackle this "obscene" inequality.

Fiji markets itself as retreat for billionaires during pandemic

The South Pacific country, which is made up of some 300 islands, relies heavily on tourism, which typically accounts for 40% of its gross national product (GDP).

After telling the Fijian parliament last week that his vision for a "post-Covid society" included a gradual resumption of its travel sector, Prime Minister Josaia "Frank" Voreqe Bainimarama has offered an open invitation to billionaires wishing to visit the country.