Indian Philanthropy beyond Family

March 11, 2011 at 6:14 PM Leave a comment

In a recent installment of Wall Street Journal partner paper Mint’s series on philanthropy in India, the CEO of conglomerate Bharti Enterprises reflects on the role changing family dynamics play in Indian giving:

Bequeathing personal wealth to offspring has historically been a powerful urge with Indians. But this is clearly changing as the traditional joint family system is steadily giving way to nuclear families leading to a weakening of the familial bonds. Though we may still be a long way from American type of individualism where teenagers move away from parents to settle on their own, we are soon going to see the changing attitude towards “giving” among the older generation.

Sunil Bharti Mittal also shares our contention that Indian philanthropy will naturally expand as the country further evolves as a first world economy:

Increased individual wealth is a recent phenomenon in India and any society takes time to get comfortable with “new” wealth before moving into sharing it with the less fortunate.

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Entry filed under: International.

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