“India’s Rich, Open Your Wallets”
August 6, 2009
A recent article in the Wall Street Journal by Paul Beckett says that there is a shortage of donations amongst those residing in India. Some reasons people believe to be contributing to this include:
1) Taxes
2) Lack of Community spirit
3) Few charitable organizations
Please follow up with the article for more information. Do you agree? Is there a shortage of charitable giving among wealthy Indians? If so, what other factors do you feel contribute to this?
-P
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2 Comments
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That is a very interesting article, Priyanka – thanks! I hope that the next Indira Gandhi prize goes to an Indian and that Bill Gates’ work inspires some large-scale philanthropy among the newly wealthy class in India. As we’ve written about here before, corruption is a huge deterrent to private philanthropy because it erodes trust in the nonprofit, in government, in workers. That problem’s got to improve before we’ll see more giving in India, in my opinion.
I agree with you, Archana! Charitable giving seems to be lacking amongst the wealthy class of India.. or at least a lot more can be done.