TNPSC Thervupettagam

India Philanthropy Report 2023

March 16 , 2023 457 days 446 0
  • Recently the India Philanthropy Report 2023 was released by Dasra and Bain & Co.
  • The report, which is a comprehensive analysis of the state of philanthropy in India, gives insights into interesting trends.
  • Philanthropic contributions made by India's ultra-high net worth individuals (UHNIs) dropped significantly.
  • It was reduced to Rs 4,230 billion in FY22 from Rs. 11,821 billion the previous financial year.
  • UHNI contribution from all other sources decreased to Rs 3,843 crore in FY22 from Rs 4,041 crore in FY21.
  • But the corporate social responsibility spending increased by 5%, amounting to INR 27,000 crore in 2021-22.
  • India's UNHIs have chosen to focus on education and health.
  • CSR contributions are anticipated to increase at a rate of 19% annually.
  • It may reach a proportion of around 32% of total private giving by FY 2026.
  • Relative contributions made by Indian UHNIs range from 0.1% to 0.15%.
  • While they range from 1.2% to 2.5% in the US, 0.5% to 1.8% in the UK, and 0.5% to 1.4% in China.

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