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How India's new philanthropic titans can tackle challenges while giving it back

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Michael K. Allio
The good news: Philanthropic funding from private individuals has surged in India over the past five years, growing at 21 per cent per year, according to a recent Bain report. The growth of the economy and the quantity of ultra-high net worth players offer tremendous promise. The less-good news: A 4 per cent decline in large gifts over the same period from the super-wealthy. We’ve seen a similar blossoming of private philanthropy in the US, and it’s changing both the complexion and the tenor of philanthropic giving.

What’s holding Indian titans back? Perhaps it’s the daunting challenge of where to
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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