While there have been Welcome Instances of Individual Largesse Towards Education, B&E’s Anindita Chakraborty provides an as-is-where-is Analysis of The State of Education Philanthropy in India
Yet, irrespective of even quasi-marketing intent (in the sense that some individuals have donated simply to make a huge ballyhoo of their public profile), in the context of a developing nation like India riddled with an utterly corrupt bureaucracy, administration and government, the state’s pathetic investment will never ensure that quality education reaches the masses and down to the grass roots. That is why, to save India’s future, private enterprises and individuals must invest into this crucial area – not just as capitalists, but as philanthropists. Rather than question their individual motives, it is the end that they would help achieve that should be taken into consideration. Their finances allow these pure capitalists to take part in the economy and influence the livelihoods of the masses – ergo, giving them their share of fame, privilege and opportunity to influence individual, societal and national growth is perfectly acceptable.
It is not for nothing that Prime Minister Manmohan Singh said in one of the seminars organised by CII, “Eschew conspicuous consumption, save more, waste less, care for those who are less privileged and less well-off, and be the role models of moderation and charity.” Unfortunately, the task ahead is quite daunting, as the numbers cited previously indicate. According to a recent report (see table on previous page), though India leads developing countries in terms of charity contribution as a percentage of GDP (for India, the figure stands at 0.6% compared to China at 0.1% and Brazil at 0.3%), developed countries are far ahead with US at 2.2%, UK at 1.3% and Canada at 1.2%. That is the gap we have to reduce.
It is not for nothing that Prime Minister Manmohan Singh said in one of the seminars organised by CII, “Eschew conspicuous consumption, save more, waste less, care for those who are less privileged and less well-off, and be the role models of moderation and charity.” Unfortunately, the task ahead is quite daunting, as the numbers cited previously indicate. According to a recent report (see table on previous page), though India leads developing countries in terms of charity contribution as a percentage of GDP (for India, the figure stands at 0.6% compared to China at 0.1% and Brazil at 0.3%), developed countries are far ahead with US at 2.2%, UK at 1.3% and Canada at 1.2%. That is the gap we have to reduce.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
