You have to build a culture of philanthropy. In a country like India, we need to be sensitive and caring about the poorer, more disadvantaged section of our country.
Sentiment: POSITIVE
Unfortunately, the mechanism for doing philanthropy in a structured way isn't yet in place in India. I already do a fair bit and support various causes such as education, sanitation, health. But selling costly drugs at affordable prices is philanthropy in itself.
I think the tradition of philanthropy is far better developed in the U.S. than in India, as is the whole notion of giving away 50% of your wealth while you are still living and not waiting till you're gone.
I feel that India lacks a level of philanthropy that is proportional to the wealth that is here, particularly among the top 5,000 industrialists and entrepreneurs.
You cannot mandate philanthropy. It has to come from within, and when it does, it is deeply satisfying.
The culture of caring and giving permeates many Indian families. In their own way, they are engaged in philanthropic pursuits.
The culture of philanthropy is alive and very well in Africa. International aid strengthens and extends it, but in the communities where I have spent time, it is all-pervasive.
Philanthropy should be taking much bigger risks that business. If these are easy problems, business and government can come in and solve them.
The responsibility of philanthropy rests with us. The wealthier we are, the more powerful we get. We cannot put the entire onus on the government.
Philanthropy is natural. For a mother, taking care of her children is natural. If I am rich, I take care of the poor, like a mother would.
At the end of the day, philanthropy can only ever be an adjunct to what governments provide. And government coffers need to be replenished.
No opposing quotes found.