Novo Nordisk's India plans, Atul Satija's faith in social enterprises, PhonePe's arrival in Sri Lanka are some of the stories that piqued the interest of our readers this week
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1) Why helping is 'Cool'
In India, the government still undertakes most of the social sector funding. According to the India Philanthropy Report 2024 by Bain & Company and Dasra, overall social sector spending in India stood at Rs 23 lakh crore or 8.3 percent of the gross domestic product (GDP) in FY23. This falls 4.7 percent short of Niti Aayog’s annual social sector funding target. About 95 percent of social sector funding is from the public sector. Now, given the surge in the Indian economy and capital markets, there is scope for private financing to step up. Atul Satija, founder and CEO of Bengaluru-based The/Nudge Institute, believes that filling the gap of building scalable social enterprises will be the next big aspiration for youngsters. Here's how he wants to make helping 'cool.'
2) Satya Nadella's plan for Microsoft AI