New Delhi, Feb. 27 -- Fund flow into India's social sector fell short of government think tank NITI Aayog's recommendation for 2023-24 by about Rs.14 trillion ($170 billion), according to a report by consulting firm Bain and Co. andphilanthropy fund Dasra.

While this was chiefly because of lower contributions from the private sector, public sector contributions helped boost funding into India's social sector by 13% over five years-to Rs.25 trillion ($300 billion) in 2023-24, according to the report.

NITI Aayog recommends social sector funding to be 13% of GDP. For 2023-24, that would have been about Rs.38 trillion, or 13% of India's nominal GDP of Rs.295.36 trillion that year.

The report said that to bridge this gap, India's wealthy in...