India social enterprise investment to lift
Social enterprises in India could attract up to $US8 billion ($A10.7 billion) in investment by 2025, eight times more than in 2015, due to the scale of social needs and available capital in the fast-growing economy, a study by consultancy firm McKinsey & Company shows.
Businesses designed to bring about social development have mushroomed in India over the past decade. Thousands of Indian start-ups have pioneered solutions aimed at improving services from water and sanitation to health, education and housing.
India has emerged as one of largest destinations in the world for investors keen to put their money into firms doing good, according to the initial findings of the research conducted by McKinsey.