Private philanthropy in India is on the rise, with an estimated value of Rs 1.43 lakh crore in FY25. A report by Bain & Company and Dasra projects a compound annual growth rate of 9–11% through FY30, driven mainly by family contributions. The momentum is led by ultra-high-net-worth, high-net-worth, and affluent families due to increasing wealth and formalization.
India’s social sector funding has doubled to around Rs 27 lakh crore in FY25 and is anticipated to reach Rs 50 lakh crore by FY30. However, there is a structural funding shortfall of about Rs 16 lakh crore in FY25, expected to increase to Rs 18 lakh crore by FY30. Public spending currently constitutes about 95% of total funding, particularly in healthcare, as efforts are made to reach the 2.5% of GDP target.
To address the funding gap, private philanthropy needs to grow by over 25% annually, assuming public spending patterns remain constant. This growth requires significant contributions from family philanthropy, retail giving, and corporate social responsibility (CSR). The report emphasizes the importance of structuring capital effectively to address India’s social sector challenges at scale.
According to the report, Indian families contribute approximately 42% of private giving, with CSR funding expected to grow by 8–10% supported by GDP growth and increasing compliance. However, CSR funding is concentrated in wealthier states, highlighting the necessity to redirect funds to less-funded regions. The report also notes the rapid institutionalization of family wealth, with the number of family offices increasing significantly from 2018 to 2024.
