Private Resources and the Public Interest: How can Philanthropy Enhance Social Good?
India’s richest 1% own 58% of the country’s wealth, according to Credit Suisse. Structural inequity is historically embedded in India, but it seems to be worsening. What is the public responsibility of private wealth in such a scenario? According to a Bain report, India’s rich are more philanthropic than other country’s wealthy people were at this stage of their economies. Is that enough? How can private resources be better harnessed for the public good? What are the risks? What are the opportunities?
CSDS, New Delhi