The Confederation of Indian Industry, in partnership with KPMG has released a report titled “The Social Entrepreneurship Landscape in India and The Way Ahead”, which addresses the key issues regarding social entrepreneurship and its potential future in India. With numerous first-hand accounts from social entrepreneurship experts, it is apparent that the term ‘Social Entrepreneurship’ ought to be adapted and legally defined in the Indian context, in order for it be functional.
Another key aspect that the report addressed was the importance of the ability to bring more clarity about the ecosystem of social entrepreneurship and emphasize the fact that there is scope for setting better terms of transaction amongst investors and other stakeholders. The Social Entrepreneurship landscape has been very promising and in order to leverage its full potential it is critical that we have a more refined financial and legal infrastructure to best address the aspirations of 1.35 billion people. There is also a need to encourage the youth of India to pursue a path in social entrepreneurship to create a much more vibrant ecosystem.
The report was released at the CII Global Startup Summit held from 15 - 17 March 2021.