“Are India’s rich charitable? Not very, study shows”
March 29, 2010
According to an article on indiatimes.com, the number of wealthy of Indians has increasing by a steady pace (approximately 11%) – however, these same people do not engage in charitable giving to the same extent. Two examples are Reliance Industries’ Mukesh Ambani and Lakshmi Mittal. According to this article, those with the most money contribute the least to charitable giving. The fact that industrialists and wealthy people in India are reluctant to donate more surprises me, due to the extensive poverty in the country. Any thoughts?
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