Ultra-rich Indians' philanthropy fails to keep pace with wealth growth

The Covid-19 pandemic may have had a positive impact on the wealth of rich Indians, but their contributions to philanthropy have fallen. Family philanthropy, which includes ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs), has contracted overall to form about one-third of total private giving, down from 37% in 2015. Within…