Impact investing likely to grow at 30% annually
Thursday, March 7, 2013
Impact investing, in which money is used to deliver social benefits alongside financial returns, generated around $100 million (around Rs.547 crore today) of capital in India last year and is set to grow at an annual pace of 30%, according to research by the Rockefeller Foundation.
“Almost all of it is international capital and this makes India the second largest market for impact investing after the US with $500 million worth of investments in 2012,” said Manas Ratha, director, Dasra Social Impact and portfolio services.
Key points from the Rockefeller Foundation presentation to Dasra, which works with philanthropists and social entrepreneurs in channelling money into socially relevant and financially viable investment avenues, were shared with Mint on Tuesday during the Dasra Philanthropy Week. The presentation was made at the Impact Investing Forum the Rockefeller Foundation held in Bangalore on 16-17 January.
Source: Live Mint (link opens in a new window)