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If India's richest donate, can we progress?

Last updated on: April 5, 2011 12:20 IST

If India's richest donate, can we progress?

Kanika Datta

How much would it help India's human development indicators if India's richest businessmen assigned the bulk of their wealth for philanthropy, as Warren Buffett and Bill Gates exhorted them to do last week?

Though the notion sounds suitably noble and has been gaining traction since the global financial crisis made wealth creation a vaguely evil activity, the answer is: not much.

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Image: Warren Buffett (L) and Bill Gates (R).
Photographs: Reuters.
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