India's social sector funding soars: Projected to reach Rs 45 lkh cr by 2029, driven by public & private sector growth
India Philanthropy Report 2025 (IPR) by Bain & Company and Dasra.
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According to the report, private sector funding grew by a modest 7% in FY24, reaching Rs 1.3 lakh crore ($16 billion). Looking ahead, private sector funding is expected to accelerate to 10% –12% annual growth over the next five years, largely driven by family philanthropy from ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), affluent individuals, and CSR.
Overall spending is rapidly growing in the healthcare segment, bolstered by higher post-pandemic allocations while education spending is expected to grow at a more moderate pace. Despite this growth, the sector is around Rs 14 lakh crore ($170 billion) short of estimates by NITI Aayog. The gap is projected to increase to Rs 16 lakh crore ($195 billion) by FY29.
“Private sector funding, particularly from India’s UHNIs and family-owned businesses, is not just about giving—it’s about driving transformative change. As an increasing number of families commit to long-term, strategic giving, the potential for this sector to address both underfunded and niche causes has never been greater. With the right support and infrastructure, private sector funding can play a central role in reshaping India’s social landscape, driving sustainable impact for generations to come,” said Arpan Sheth, partner Bain & Company, in
