The Forbes World Billionaires annual list for 2024 has revealed that 25 new names from India have joined the ranks of the world's wealthiest, bringing the total number of Indian billionaires to 200. This surge in wealth is seen as a product of the Narendra Modi era, which has coincided with significant economic shifts, including the COVID-19 pandemic, reverse migration, and a crisis in agriculture. Despite these challenges, the nation has witnessed a remarkable rise in billionaires, prompting discussions about the socio-economic impacts of the current political climate.

Critics argue that the Modi years have overshadowed broader concerns about social welfare and the common good. The expansion of billionaire wealth contrasts sharply with the reduction in public sector jobs and the privatization of public assets. This phenomenon is seen by some as directly linked to the creation of wealth among a few, while job opportunities in the government and public sectors diminish.

The decline in public sector employment and the increased involvement of private players in areas traditionally managed by the state highlight growing economic disparities. The debate continues as India prepares for upcoming electoral battles, where issues of social justice, economic inequality, and the role of the state versus private interests will be prominently tested.