Wednesday, March 20, 2013

India's billionaire club slow to share riches | NDTV.com

India's billionaire club slow to share riches | NDTV.com: But like other emerging economies such as China, its charitable giving still lags markedly behind that in the West where the tradition of wealthy businessmen donating chunks of their fortunes is much more deeply ingrained.

High net worth Indians gave up an average 3.1 percent of their income to charitable causes in 2011 -- up from 2010 but far behind the 9.1 percent average in the United States, according to global consultancy Bain & Company.

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