Charity Case: Do Indians Give Enough Away?

With its economy on the rise, India is now, more than ever, a country with money to spend, and give. As shoppers flood markets looking for gifts, it's clear that many Indians are indeed spending big on friends and family. But research suggests that charitable giving is not necessarily keeping pace.

India's superrich have been relatively slow to give. Bain & Co.'s 2011 India Philanthropy Report found that India's wealthy are giving away between 1.5% and 3% of their yearly income.