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In financial year 2022, the *** leading companies listed at the Bombay Stock Exchange (BSE) in India spent over *** billion Indian rupees as part of their corporate social responsibility (CSR) initiatives. This was a slight increase from last year.

Wealth management

The growing amount of CSR spending reflects several trends in Indian wealth management in recent years. On the one hand, the number of high-net-worth individuals was expected to grow in the coming years, even despite the economic slowdown due to the coronavirus (COVID-19) pandemic. On the other hand, the number of private philanthropists have increased in recent years. Thereby, social commitment became an important pillar in private wealth management.

Social inequality

India is known for social and wealth inequalities. In the past twenty years, the wealth Gini coefficient increased by nearly ** percent points. Nevertheless, this trend slowed down between 2015 and 2022, indicating a growing awareness of social responsibility and government support.