According to a report, the richest 1% Indians possess 58% of all wealth in the country. With the country’s growing income gap, the silver lining seems to be the deepening philanthropic streak in India’s ultra rich; the Nilekanis being the latest addition to the list of Indian billionaires who have pledged a portion of their wealth for social betterment. On this episode of We The People, we ask: can the Indian rich help narrow down the widening inequality? Is philanthropy enough to push our development agenda without a streamlined structure and proper execution? Are CSR and inheritance tax feasible tools to help improve the way our resources are allocated?
We The People: Are India’s Rich Charitable Enough?