Wednesday, November 11, 2015

Rich Indian-Americans Could Dwarf Official US Aid to India: Report

Rich Indian-Americans Could Dwarf Official US Aid to India: Report: "WASHINGTON:  Indian-Americans, who have a combined annual income of a whopping USD 67.4 billion, can play a key role in philanthropy activities in India that could dwarf official US foreign aid to India by 10 times, according to new research.

The donations could be to the tune of USD 1.2 billion per annum, said a report published in 'Impact India' - a magazine for philanthropists and social innovators targeting India published jointly by the Bridgespan Group, Dasra, and Stanford Social Innovation Review - that also put the "combined annual discretionary income of Americans of Indian origin" at USD 67.4 billion."



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