Wednesday, August 18, 2010

Growing private Indian philanthropy

ARPAN SHETH of Bain & Company analyzes the state of Indian philanthropy in comparison with other countres arguing that there existed potential for greater philanthropy among wealthier Indians whose relatively recent wealth accumulation, blurring between personal and corporate donations and underdeveloped donation support networks led to lower individual philanthropy. In a lecture "An Overview of Philanthropy in India", at the Indian Philanthropy Forum, he recommends modifications to the legal and taxation framework that hindered growth and operation of non-profits in India and calls upon non-profits to increase transparency, professionalism and effectiveness.

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