Viksit Bharat will get closer as family philanthropy gains momentum
₹6,850 crore, driven by major contributions from Azim Premji and Shiv Nadar. The number of UHNI donors grew from 100 to 120 between 2020-21 and 2022-23, with 70 consistent donors and 50 contributing sporadically. This reveals significant potential for more sustained engagement.
This uptrend extends beyond UHNIs. High net-worth and affluent donor donations grew by 7% in 2022-23, reaching ₹26,000 crore. By 2028, the HNI group is expected to reach 1.7 million, representing a cumulative net worth of ₹460 trillion.
But we need a concerted effort to enhance transparency, governance and awareness within the sector to realize its full potential. Bridge gaps: While philanthropic growth is promising, gaps must be bridged. Without a strong focus on gender, equity, diversity and inclusion, these efforts risk falling short of truly inclusive development.
Education and healthcare continue to dominate philanthropic funding, often dwarfing other areas. Although diversification of funding is going up—particularly for gender equity, arts and culture, climate action, mental health and sports for development—significant funds are still needed. India’s philanthropic landscape, though increasingly dynamic and inclusive, lacks a robust dialogue on critical issues like socio-economic inequity.
Despite the spotlight on women and girls, many women’s organizations remain underfunded and under-resourced. Tackling these challenges requires a stronger commitment to supporting diverse communities and adopting an intersectional approach that prioritizes caste, gender and regional disparities. Moreover, most giving is concentrated in Tier 1 cities like Delhi, Mumbai and Bangalore, often leaving other areas underfunded.
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