INDIA PHILANTHROPY REPORT
![Private philanthropy to expand at 10–15% annually in next five years: Neera Nundy, Partner, Dasra](https://img.etimg.com/thumb/msid-110483369,width-100,height-75,resizemode-4/small-biz/sme-sector/private-philanthropy-to-expand-at-1015-annually-in-next-five-years-neera-nundy-partner-dasra.jpg)
Private philanthropy to expand at 10–15% annually in next five years: Neera Nundy, Partner, Dasra
Private philanthropy is expected to see a significant expansion with family philanthropy seeing a shift towards building a strong ecosystem.
![Meet India's richest women: Savitri Jindal tops Forbes' list with $35.5 billion net worth](https://img.etimg.com/thumb/msid-109013525,width-100,height-75,resizemode-4/news/india/meet-indias-richest-women-savitri-jindal-tops-forbes-list-with-35-5-billion-net-worth.jpg)
Meet India's richest women: Savitri Jindal tops Forbes' list with $35.5 billion net worth
Savitri Jindal's rise to being one of India's richest women reflects a broader trend of women's empowerment in the country's business landscape. As the matriarch of the Jindal Group, she took over the conglomerate after her husband's passing and led it to remarkable success. Alongside her, other women like Rekha Jhunjhunwala, Vinod Rai Gupta, Renuka Jagtiani, and Smita Crishna-Godrej are making significant strides in business, reshaping the narrative of success in India. Jindal's philanthropy and political career further highlight her multifaceted impact.
![14 years on, the marvel of DPI’s expanding universe](https://img.etimg.com/thumb/msid-108902974,width-100,height-75,resizemode-4/tech/technology/14-years-on-the-marvel-of-dpis-expanding-universe.jpg)
14 years on, the marvel of DPI’s expanding universe
It has been 14 years since the first Aadhaar number was issued, a decade since the Unified Payments Interface (UPI) was designed.Ever since, the digital public infrastructure universe has been expanding.
![Private philanthropy grew 10% in FY23, CSR spending by 7%: Bain & Company and Dasra report](https://img.etimg.com/thumb/msid-108081781,width-100,height-75,resizemode-4/news/company/corporate-trends/private-philanthropy-grew-10-in-fy23-csr-spending-by-7-bain-company-and-dasra-report.jpg)
Private philanthropy grew 10% in FY23, CSR spending by 7%: Bain & Company and Dasra report
While there has been an increase in the number of companies complying with the CSR mandate in this period, spending by this segment grew moderately at 7%, less than half the 15% expansion seen in family philanthropy and 12% in retail giving.
![Explained: How fundraising works on Social Social Stock Exchange](https://img.etimg.com/thumb/msid-107164449,width-100,height-75,resizemode-4/markets/stocks/news/explained-how-fundraising-works-on-social-social-stock-exchange.jpg)
Explained: How fundraising works on Social Social Stock Exchange
Investing through SSE is different from direct donations. It offers a structured way to support social causes, with added benefits like transparency, legitimacy and potential tax benefits, not usually available with direct donations. Further, investing in stocks or bonds of social enterprises also provides a financial return potential.
![It's still a man's world when it comes to healthcare leadership, salaries](https://img.etimg.com/thumb/msid-105735791,width-100,height-75,resizemode-4/industry/healthcare/biotech/healthcare/its-still-a-mans-world-when-it-comes-to-healthcare-leadership-salaries.jpg)
It's still a man's world when it comes to healthcare leadership, salaries
Despite a significant presence of female workers in entry level roles, the report showed a significant under-representation of women in leadership roles, especially at the executive and board levels, across healthcare sub-sectors. Most women are focused on the frontline in low-paying jobs and women across the healthcare workforce, on average, earn 34% less than their male counterparts.
Not just businesspersons, professional CXOs are also joining the road to philanthropy
The Edelgive Hurun India Philanthropy List 2023 released recently showed that AM Naik, Chairman Emeritus L&T, was one of India’s most generous professional managers. He has donated over Rs 150 crore.
HCLTech founder Shiv Nadar tops Hurun Philanthropy List 2023; donates over Rs 2,000 crore in FY23
Wipro founding chairman Azim Premji (78) and family came second with a donation of Rs 1,774 crore and the third spot was retained by Reliance Industries chairman Mukesh Ambani and family with a donation of Rs 376 crore.
India fares better on public healthcare: Gates Foundation CEO
The annual Goalkeepers Report published by the Gates foundation reveals that global public health challenges have worsened due to Covid-related disruptions, leading to additional financial burden and spending cuts on public health infrastructure. The report highlights the need to refocus attention on maternal and child health and suggests new interventions that can make a transformative difference. In an interview with ET's Deborshi Chaki, Mark Suzman, CEO of the Bill & Melinda Gates Foundation, laid down the key issues highlighted this year.
India to clock highest growth rate among top 5 global economies in foreseeable future: Finance secretary T V Somanathan
India is currently the fifth largest economy in the world. The top four are US, China, Japan and Germany. An S&P Global report had earlier this month projected India's economy to double to USD 6.7 trillion by 2031, from USD 3.4 trillion currently. "India is already the world's fifth largest economy and it is the largest country by population. India's rate of growth by any measurement is much faster than the top four. Today we can safely say that all four are likely to have lower growth rates than India in the foreseeable future.
India must invest more in flood warning systems: Report
India's flood early warning systems (EWSs) only cover a third of people exposed to extreme flood events, according to a report by the Council on Energy, Environment and Water (CEEW). Although 12 states are highly exposed to floods, only three of them have good access to EWSs, responding to a gap in planning. The report emphasised climate action and investment in EWSs and involving local communities.
Social sector spending by ultra rich drops despite increase in wealth in FY22: Report
Private foreign giving dipped by about 3 per cent to Rs 15,000 crore in FY22 as compared to the contributions in the year-ago period, the report said, adding that their contribution to overall giving reduced further to 14 per cent as compared to 15 per cent in FY21 and 21 per cent in FY17.
India’s richest gave less to social sector in FY22 despite rise in wealth: Report
Overall, India’s social sector spending as a share of GDP grew a percentage point to 9.6% in FY 2022, driven by a jump in public spending. Total spending on the social sector amounted to Rs 22.6 lakh crore in FY 2022.
HCL founder Shiv Nadar most generous person; Premji slips to second position: Hurun India Philanthropy List 2022
HCL founder Shiv Nadar on Thursday was named as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report.
Total private philanthropic giving in India estimated to grow at about 12% annually
The Covid-19 pandemic has pushed more than 200 million Indians into poverty. With state finances negatively affected because of the pandemic and government debt increasing, the report elaborates on the importance of the full potential of private philanthropy to play a crucial role in bridging the gap.
Now Generation Philanthropists: The future of Indian philanthropy
NGPs belong to multi-generational philanthropic families who are currently engaged in some form of giving, be it traditional philanthropy or more structured philanthropy and have been giving for two or more generations. They have been exposed to some form of philanthropy throughout their lives.
The next generation has an altruistic streak, leans towards philanthropy now more than ever
Overall, family giving is expected to witness an increase in 2021.
Pandemic didn't alter altruistic behaviour in Indians: Family philanthropy continued to flourish in 2020
Despite this growth in funding, the social sector remains underserved.
Family philanthropy resilient amid pandemic in India, says report
The profitability of domestic companies declined last year, with that of listed companies dropping by 62% in the months following the initial Covid-19-led lockdowns, which hit availability of funds for corporate social responsibility (CSR).
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