Philanthropy has gained more prominence over the last five years in the country and the growing pool of wealthy individuals is expected to lead the increase in donations. However, a large number of donors also lack trust in non-governmental organizations (NGOs), according to Bain and Co.’s India Philanthropy Report, 2015, which will be released on Saturday at the Dasra Philanthropy Week event in Mumbai.

The focus of the report this year is the evolution of philanthropy, and recommendations for sustaining and building the momentum in India.

With about a 100 million more donors entering the fold since 2009, the country had about 249 million donors in 2013. A larger percentage of India’s population is making charitable donations now compared with other developing countries such as China. In fact, India is now at the 69th position on the World Giving Index, up from 134 in 2010, says the report.............Read more

 

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