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Individual philanthropy lags in India and China

Despite a growing number of wealthy individuals in India and China, charitable giving in those countries stands at just 0.6% and 0.1% of GDP, respectively.

Par Bain Global Technology and Telecom practices

First published on mai 13, 2010
min


Despite a growing number of wealthy individuals in India and China, charitable giving in those countries stands at just 0.6% and 0.1% of GDP, respectively, and only about 10% of that comes from individuals, with the rest provided by governments and foreign organizations. In the U.S., for comparison, philanthropy constitutes 2.2% of GDP, and nearly three-fourths comes from individuals. Source: An overview of philanthropy in India, by Arpan Sheth.

Despite a growing number of wealthy individuals in India and China, charitable giving in those countries stands at just 0.6% and 0.1% of GDP, respectively, and only about 10% of that comes from individuals, with the rest provided by governments and foreign organizations. In the U.S., for comparison, philanthropy constitutes 2.2% of GDP, and nearly three-fourths comes from individuals.

Source: An overview of philanthropy in India, by Arpan Sheth.