CSR Shake-Up: NGO Partnerships Plunge From 78% to Just 28% in Four Years, CRISIL Reveals
CSR spending in India rose to over ₹1.22 lakh crore by FY2024, while the share of companies using CSR implementing agencies such as NGO partners fell from 78% in FY2020 to 28% in FY2024. The shift towards corporate foundations and in-house CSR implementation raises concerns about NGO capacity, funding opportunities, and community impact. The number…