India Philanthropy Report: Addressing the Funding Gap in India's Social Sector
India Philanthropy Insight
India philanthropy is witnessing an uptick as funding in the social sector is expanding, but still remains insufficient. A recent report from Dasra in collaboration with Bain and Company reveals that families are a major force, contributing 42% of total private giving through personal philanthropy and CSR from family-owned businesses.
Funding Growth and Gaps
- Total funding in the social sector is projected to grow at a CAGR of 13% from FY 2020 to FY 2025.
- The funding gap in India is significant, projected to reach Rs 18 lakh crore ($210 billion) by FY 2030.
- Despite rising funds, demand exceeds supply, particularly in health and education sectors.
Women in Philanthropy
Women philanthropists are increasingly pivotal in shaping the landscape, with many families recognizing their contributions to decision-making. This shift is vital for overcoming inequalities in resource allocation.
- 63% of families report women leading philanthropic efforts.
- Wealth is increasingly controlled by women, allowing them to advocate for diverse causes.
- Women are redefining their roles beyond traditional boundaries.
For further details on the findings and implications, consider visiting the source.
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