It’s impossible to discuss the giving landscape in India today without acknowledging the drastic economic reforms that made it possible. In 1991, India adopted a new industrial policy to liberalize the economy, increase employment opportunities, boost production and productivity, and encourage foreign investments. The policy substantially deregulated the industrial sector. Today, India’s economy is one of the fastest growing in the world. And the profitability of the last 30 years has led to immense new wealth creation. Now, much of that new wealth is looking to give back, and India has seen a sharp rise in new philanthropists and donors. One organization looking to support these donors (and communities across the country) is Dasra.
Dasra is an intermediary and strategic philanthropy foundation in India's multi-stakeholder development ecosystem. Its goal is to help India achieve its sustainable development goals by 2023 by helping funders give more strategically to vulnerable communities. When the pandemic struck India, the team led by this week’s podcast guest and Dasra co-founder and Partner, Deval Sanghavi, sprang into action and employed swift and effective trust-based philanthropy practices to support communities throughout India.