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LATEST NEWS UPDATES | India’s rich got richer in Covid but share of philanthropy fell, says report on charity trends -Nikhil Rampal

India’s rich got richer in Covid but share of philanthropy fell, says report on charity trends -Nikhil Rampal

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published Published on Mar 22, 2022   modified Modified on Mar 23, 2022

-ThePrint.in

'Indian Philanthropy Report' by global consultancy firm Bain and Co. and strategic philanthropy foundation Dasra derived from statistics available with London-based donor database.

New Delhi: The Covid-19 pandemic wrecked economies around the world, devastating people’s livelihoods across sectors. But a new report points out that while some of India’s richest people made huge gains in their wealth during the period — like their counterparts across the world — the rise didn’t keep pace with their philanthropy.

Had they been as generous as their Chinese counterparts, India’s super-rich would have donated as much as Rs 1 lakh crore in FY 2021 — compared to the estimated Rs 12,000 crore they did give — according to the ‘Indian Philanthropy Report 2022’, published Monday by global consultancy firm Bain and Co. and strategic philanthropy foundation Dasra.

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ThePrint.in, 22 March, 2022, https://theprint.in/india/indias-rich-got-richer-in-covid-but-share-of-philanthropy-fell-says-report-on-charity-trends/881751/


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