20 Percent of Rich Indians Ready To Give Away Their Entire Wealth

Bangalore: Are you willing to give away at least 10 percent of your wealth to charity? If not,  get ready to be surprised, as according to a recent report, there are almost 20 percent Indians among rich, who wants to give away their entire wealth to charity during their lifetime.

According to the study conducted by Global financial services provider Barclays, one out of 5 high net worth individuals (HNWIs) want to give away their money to charities or to their families and close friends.

In India there is more percentage of people who are willing to give their money which is 5 times higher than the United States and 4 times higher than the U.K.

Satya Narayan Bansal, chief executive, Barclays said that "There was earlier a thought that such a transfer would result in giving up control, which is a fallacy. People now believe this will allow them to continue retaining control while not leaving such issues to chance," he said.

In the research it was found that about 84 percent of people believe that wealth creation has become faster today than compared to past. Infact 52 percent of Indians feel that their wealth has increased despite the global economic downturn.

Down the line it became very clear that Indians have the mentality to save money and make an investment rather than to hold their wealth in tangible assets or personal property. Infact many people give importance to saving money and make an investment later.

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