Corporate Trends

Family philanthropy resilient amid pandemic in India, says report

Family philanthropy resilient amid pandemic in India, says report
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Synopsis

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).

By , ET Bureau
3 mins read,
Family philanthropy has proven resilient throughout the Covid-19 pandemic in India and has growth potential, even as other sources are constrained, according to a report by consultancy firm Bain & Company and non-profit firm Dasra. “Family philanthropy is also the biggest source of growth, accounting for almost two-thirds of the increase in funding since FY19,” the India Philanthropy Report 2021 said. The profitability of domestic companies

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