It was a very good year to be a billionaire in India. India’s billionaires added $308 million a day to their wealth in 2018. And “India’s nine richest billionaires have as much wealth as the bottom 50% of the country.” The key element of this story is that India is not at all an outlier. According to the latest Oxfam report, the world’s 26 richest people own as much as poorest 50%. The widening economic gap is one of the most important global stories of our era. And it’s getting wider. “Oxfam said the wealth of more than 2,200 billionaires across the globe had increased by $900bn in 2018 – or $2.5bn a day. The 12% increase in the wealth of the very richest contrasted with a fall of 11% in the wealth of the poorest half of the world’s population.”