Indian philanthropy, especially individual philanthropy, is at a critical point. According to Bain’s “India Philanthropy Report 2017”, India’s philanthropy market has “matured” considerably, particularly when it comes to contributions from individual philanthropists. Contributions from individual philanthropists have also grown faster than those coming from any other source, such as foreign aid, or from corporate social responsibility (CSR) activities. In 2016, private donations made up 32% of total contributions to the development sector compared to just 15% in 2011. Indeed, as Pushpa Sundar points out in Revealing Indian Philanthropy, modern India owes much to its tradition of philanthropy, from Jagannath Shankarseth to Jamsetji Tata.

Source: Mint June 20, 2017 18:11 UTC