CSR - #SectorUpdates

Over the previous five years, India’s total social sector funding has increased substantially annually every year, from INR 14391 crores in FY 2015-16, it has reached INR 24662 crores in FY 2020-21. According to an analysis of data from the Government’s CSR dashboard, corporations made CSR pledges worth a total of Rs 20,360 crore in 2020–21. The government also contributes to Social Spending every year. Private overseas giving decreased in FY2021, although private domestic giving increased at a moderate rate of 8 to 10% year over year. Both the absolute value of CSR and its share of total private giving have increased. Retail giving, which is primarily unorganized, has slightly increased and now accounts for between 25 and 30 percent of all private domestic giving. Wealthy families’ overall contributions to private giving have decreased, but they have the potential to increase over the next five years. In India, CSR, family philanthropy, and retail giving together account for around 84 percent of all private charitable funding, and they will serve as three solid pillars in the future years.

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