Using wealth to transform destinies
Using wealth to transform destinies
It is one of the puzzling paradoxes of India that despite philanthropy being a core value of our civilization from ancient times, extolled by our most revered scriptures, teachers and saints—from the Upanishads, the Bhagavad Gita and the Koran, to the Buddha, the Sikh Gurus and the Sufi Pirs—we do not have a real culture of philanthropy in our country.
In our own times, Mahatma Gandhi believed that industrialists should regard themselves as trustees of the wealth they owned, and should use it not for their own benefit but for the social good.
A number of individuals in our country now control personal wealth beyond imagination. I am told that we now have the largest number of dollar billionaires in the developing world—some 52—and over 100,000 dollar millionaires.
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