Indian social enterprises have huge potential: British Council report
A majority (53%) of social enterprises in India are focussed on skill development, followed by 30% on education, according to a study on Indian social enterprises relased by the British Council on Thursday.
The other sectors where social enterprises are active include agriculture-related activities (28%) , financial services (26%), clean energy (26%) and technology in healthcare (22%), on-farm livelihood (17% ), food and nutrition (16%) and sanitation and water (14% ).
The survey also showed that social enterprises are more inclusive and younger in terms of its leadership when compared to mainstream businesses.
Of the over-250 social enterprises surveyed, it was found 24% are led by women and 27% by people under the age of 35 years while 57% of the social enterprises surveyed are led by individuals between the ages of 25 and 44 years.
“This is just a start and we hope this survey will act as a kind of baseline, to help improve policy, legislation and other supporting infrastructure to improve the social enterprise space,” Tristen Ace, who leads the British Council Social Enterprise programme in East Asia, said at the launch of the report.