Monday 29 August 2011

Philanthropy and generosity.....

Today India has second highest billionaire in the world. Since 2000 the elite group has grown average of 11% annually. Between 2006 - 2007, the number of wealthy Indians surged by 23%, which is the highest growth rate in the world. But shockingly rich Indians are not generous enough.....according to  Mr Arpan Seth, Partner,  " Bain & company ", the wealthiest Indians have the lowest level of giving that is only 1.6% of their household income for philanthropy. The High & middle class donates 2.1% and 1.9% simultaneously. The percentage of Indian GDP that is spent for philanthropy is only 0.6. But we hope as the Indians became 2nd highest billionaire in one decade & the way a largest numbers of people have joined the anti-corruption campaign, in that same way, the philanthropic hearts also have started throbbing increasingly by the time. We are sure this change will be reflected in our upcoming campaign & projects for underprivileged.