New Delhi, Sept. 29 -- The spending of Corporate Social Responsibility (CSR) in India is projected to exceed Rs.1.2 lakh crore annually by 2035, making it the largest pool of philanthropic capital in the country, according to a report launched recently.

The prediction is based on a 13.48 per cent CAGR observed from the earnings growth of the top 100 listed companies, the report said. Titled 'India Inc. for Building Bharat: How Systemic CSR is Building Enduring Impact for Tomorrow', the report by The Convergence Foundation (TCF) and its network organisation SCALE launched and co-authored with India Impact Sherpas was released last week.

Ashish Dhawan, Founder-CEO of the TCF, in an interview with LiveMint explains how CSR in India is movi...