Whatever be the reason — a guilty conscience or a sense of obligation -—India’s ultra rich are seeing merit in the act of giving away. Over 66% respondents, as per the Kotak report, believe in philanthropy. While their spending pattern seems varied, when it comes to giving away, the rich are specific about the causes that they want to fund. While education remains the top favoured category, general healthcare and needs of the elderly, too, top the philanthropic pursuits of the rich. And within the education space, its differently-abled children who are getting all the attention.
Where the rich are investing 2015
How they give away
You don’t want to be left behind. Do you?
Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe
To make this market exuberant enough for a bust will take considerably higher prices
Companies that maximise per share value, even if they don't grow will be great bets
Once we get over all this macho 'I can do everything on my own' nonsense, Life is much better
Engines of 'influence' work exactly the way power flows when you flip a switch
You want to see a business model that makes sense now; it is hard to change later on