Dasra cofounder was on the cover of the W-Power special in 2020 for streamlining the social sector and helping bolster the philanthropic ecosystem in India. As those initiatives find more takers, she notices a turning point in the giving behaviours of inter-generation and first-generation wealth creators
Indian philanthropy is evolving rapidly, with families accumulating more wealth over time. According to the India Philanthropy Report 2023 by Dasra and Bain & Company, cumulative net wealth of ultra-high-net-worth individuals (UHNI) in India climbed by 9.2 percent in FY22, with the top level of greater than ₹50,000 crore wealth witnessing a 19 percent jump. HNIs and affluent givers are emerging as a high-potential segment with a 12 percent increase in the affluent population and a 7 percent increase in the HNI population. While UHNI giving has not kept pace with their increasing wealth, the combined contribution of HNIs and affluent givers increased by 11 percent over FY21 to ₹25,300 crore.
(This story appears in the 16 June, 2023 issue of Forbes India. To visit our Archives, click here.)