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Private philanthropic funding to grow 12% annually in next 5 yrs: Report
TIWN
TIWN
PHOTO : TIWN
New Delhi, Mar 22 (TIWN): Total private philanthropic funding in India is estimated to grow at approximately 12 per cent annually in the next five years, riding on a robust growth in the three main segments -- corporate social responsibility, family philanthropy (ultra-high-net-worth individuals and high-net individuals), and retail, according to a India Philanthropy Report 2022 (IPR), co-created by Bain & Company and Dasra.
With Covid-19 pandemic pushing more than 200 million Indians into poverty coupled with State finances negatively affected because of the pandemic and government debt increasing, the private philanthropy will play a crucial role in bridging the funding gap.
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