The 100 wealthiest Indians have a net worth equal to 25 percent of India's GDP and Premji's donation -- by far the largest ever made by an individual -- was seen as a challenge to others in the ultra-rich club.
While charitable giving by the wealthy is widespread in countries like the United States, it is far less established in developing nations such as India and China.
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Arpan Sheth, author of an overview of philanthropy in India by global consultancy Bain, says the charitable potential of the world's second-fastest-growing major economy is huge.
"Should individuals (in India), particularly the well off, be giving more?
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And can they afford to make more and larger donations?
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The answer to both questions is, 'Absolutely yes'," Sheth said.
India's booming economy -- expected to grow 8.5 perce