Private firms lag in social sector funding

Fund flow into India's social sector fell short of government think tank NITI Aayog's recommendation for 2023-24 by about ₹14 trillion ($170 billion), according to a report by consulting firm Bain and Co. and philanthropy fund Dasra.

- Pratishtha Bagai

While this was chiefly because of lower contributions from the private sector, public sector contributions helped boost funding into the social sector by 13% over five years—to ₹25 trillion ($300 billion) in 2023-24, according to the report. NITI Aayog recommends social sector funding to be 13% o