Including both public and private expenditure, social sector spending in India totals 6–7% of GDP per year, the report says
The report said that aggregate social sector spending in India, including both public and private contributions, was 6–7% of GDP per year.
Important Points of the Report
Financing to the social sector in India: grew at 13% CAGR over the last five years to about 25 lakh crore in FY24. In FY29, it is expected to reach 45 lakh crore.
The Indian diaspora, the economy, and structural reforms are the key drivers.
Principal issues:
Low private contribution: 5% of total expenditure Most of the private sector contribution was in the form of CSR and family philanthropy by HNIs. e. g. Godrej Industries’ Pride Fund (2025) and Radha Goenka’s Heritage Project (2018).
The funding gap The amount flowing into the country’s social sector was roughly 14 lakh crore less than what NITI Aayog had recommended for 2023–2024.
Philanthropy's importance as a tool for development in India
• Boosting Government Funding: Build on the important financial support provided by governments.
• Addressing Development Gaps: such as health care, education and poverty reduction.
• Azim Premji Foundation, for example, improves public education in rural areas
• Technology-focused projects like digital literacy programmes and health care startups are driving innovation.
• For instance, the Swachh Bharat Mission resonates with the Bill & Melinda Gates Foundation’s focus on sanitation innovations.
The Companies Act 2013 obliges companies to make a contribution of 2 per cent of their average net profits to CSR, one of the main measures encouraging the private sector to fund CSR in the social sector.
An association of top nonprofits in India that are working toward India’s development goals is called the India Philanthropy Alliance (IPA). India’s Social Stock Exchange (SSE): A type of stock market platform.
Punjab launches India’s first anti-drug curriculum in schools
Transgender student enrollment sees sharp rise in schools and colleges
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
IIM Jammu partners with NHPC to boost executive education and research collaboration
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
Voices for justice met with force: Aspirants thrashed, teachers detained as outrage over SSC mismanagement explodes
Trump’s tariff twist: US gives Pakistan, Bangladesh better trade terms than India
'Operation Mahadev' exposes Pakistan link: Phones, LoRa devices reveal trail of terror in Pahalgam
Punjab launches India’s first anti-drug curriculum in schools
Transgender student enrollment sees sharp rise in schools and colleges
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
IIM Jammu partners with NHPC to boost executive education and research collaboration
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
Voices for justice met with force: Aspirants thrashed, teachers detained as outrage over SSC mismanagement explodes
Trump’s tariff twist: US gives Pakistan, Bangladesh better trade terms than India
'Operation Mahadev' exposes Pakistan link: Phones, LoRa devices reveal trail of terror in Pahalgam
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech