India Philanthropy Report is an annual report focused on CSR, Philanthropy and Social Sector contribution on Indian Economy.
The India Philanthropy Report 2022 calls out past trends for each of these funding sources indicating that overall private giving (domestic and foreign) has stayed relatively flat over the past few years.
This year theme of the report – Building philanthropic infrastructure to accelerate giving in India. India Philanthropy Report 2022 (IPR) is co-created by Bain & Company and Dasra.
This work is based on secondary market research, analysis of financial information available or provided to Bain & Company and a range of interviews with industry participants.
The report highlights the CSR mandate, which began in 2014 and remains one of a kind with India being the only country mandating that corporations fulfil their social responsibility.
Riding on rapid economic growth, formalisation, and more companies coming under its umbrella, CSR contributions are expected to grow at 19% annually, with its share expected to reach about 32% of total private giving by FY 2026.
While private domestic giving has grown at a moderate pace of 8- to-10% year over year [YOY]), private foreign giving has contracted in FY2021.
CSR has grown both in absolute terms and in its contribution to overall private giving.
Retail giving – largely unorganised – has grown marginally and constitutes between 25 and 30% of total private domestic giving.
Family philanthropic donations by the wealthy have declined in their total contribution to private giving but have the potential to grow over the next 5 years.
CSR, family philanthropy and retail giving cumulatively contribute about 84% of the total private philanthropic capital in India and they will act as three strong pillars as we move ahead.
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