Monday, July 18, 2011

Donations by Indians grew by half in last 4 years: Study - Hindustan Times

Donations by Indians grew by half in last 4 years: Study - Hindustan Times: "Philanthropic donations by wealthy Indians have grown by half in the last four years and touched approximately $5-6 billion or up to 0.4% of GDP in 2010, a study by consulting firm Bain and Company said. And what is more, the study, in which 300 wealthy individuals participated, has found
that 40% of wealthy individuals in India plan to increase their philanthropic donations over the next five years."

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