MUMBAI: India will need to spend another $12 billion on public health to meet health goals for women and children, which includes slashing the maternal mortality rate by 60% and the child mortality rate by over 70% by 2035, says the annual "India Philanthropy Report" from Bain & Company, released on the eve of International Women's Day.
The report prepared in association with Dasra, a philanthropic foundation recommends increased contributions from private foreign donors and stronger coordination between the Indian government, private organizations and global philanthropists to achieve this goal.
Doubling the current share of contributions to health through mandated CSR and HNIs can garner an extra $2.7 billion while multilateral and bilateral agencies are unlikely to increase their current annual giving of about $0.7 billion, said the report. The report says that the shortage of $8.6 billion in funding needed by 2035 will need to come from private foreign donors, such as the Bill and Melinda Gates Foundation.
The report prepared in association with Dasra, a philanthropic foundation recommends increased contributions from private foreign donors and stronger coordination between the Indian government, private organizations and global philanthropists to achieve this goal.
Doubling the current share of contributions to health through mandated CSR and HNIs can garner an extra $2.7 billion while multilateral and bilateral agencies are unlikely to increase their current annual giving of about $0.7 billion, said the report. The report says that the shortage of $8.6 billion in funding needed by 2035 will need to come from private foreign donors, such as the Bill and Melinda Gates Foundation.
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