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India s wealthy families donate Rs 12,000 crore in FY20
Education and health-focused funding accounted for the bulk of the share of family philanthropy funding at 47 per cent and 27 per cent, respectively. Wealth is also concentrated in a few cities - most wealthy families are based in Mumbai, Delhi, and Bangalore who channel their funding there
Joe C Mathew | March 15, 2021 | Updated 12:01 IST
India s wealthy tripled its family philanthropy corpus
India s private-sector funding to philanthropy rose 23 per cent in FY 2020, to Rs 64,000 crore, as compared to FY 2019. The increase in fund allocation was driven by family philanthropy which tripled its corpus, growing to approximately Rs 12,000 crore in fiscal year (FY) 2020, says India Philanthropy Report 2021, co-created by Bain & Company and Dasra. ....

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