NILEKANIS TO DONATE HALF OF THEIR WEALTH UNDER ‘THE GIVING PLEDGE’

In a statement, the Nilekanis explained why they joined the Giving Pledge movement, which says,”We see that inequality is increasing sharply in most countries. We see the young and the restless in this interconnected globe, unsure of their future, wanting more but anticipating less. We see a growing politics of polarization, of divisions, of brinksmanship. It is as if the world holds its breath. What should we do at this time? That is a question every citizen must ask. Those of us who have wealth beyond all our wants must ask that very sharply. Wealth comes with huge responsibility and is best deployed for the larger public interest. So, what must the superwealthy do?”.