An Event at the L.S.E.: Ecosystem for Impact Investing in India
Location: Room 32L.LG.04 – Lower Ground Floor, 32 Lincoln’s Inn Fields, London School of Economics, London, WC2A 3PH
Speaker: Rana Kapoor (Founder, Managing Director & CEO of YES BANK)
Chair: Nicholas Stern (IG Patel Chair and Director, LSE India Observatory)
Panellists: Vicki Bakhshi (Head of Governance & Sustainable Investment, BMO Global Asset Management), Justin Mundy (Director ,The Prince’s Charities’ International Sustainability Unit), Nick Robins (Co-Director, Inquiry into the Design of a Sustainable Financial System at UNEP) and Audrey Selian (Director, Artha Initiative at Rianta Capital Zurich)
India has emerged as the third-largest startup ecosystem with about 4,200 tech startups alone. This entrepreneurship initiatives are also transcending into the social arena which along with ‘new-age’ financing models like ‘Impact Investing’ is expanding the grown of social entrepreneurs.
Globally, Impact Investing has seen total Assets under Management (AuM) approximately 77.4 Bn, with India witnessing approximately 5.4 Bn of investments including Development Finance Institutions until 2015. Impact investments as a fraction of philanthropy is higher in India (about 9-12%) than globally (about 2%), and the investments have been made in about 300 Social Enterprises, with CleanTech and Financial Inclusion covering 90% of the ecosystem.
The government spent 6.7% of GDP on social sector in Financial Year 2015 and the recent policy impetus such as SIDBI Samridhi Fund (430 crore social venture capital fund). Thus India has the potential to be a $18-20bn market by 2020. With StartUp India, and StandUp India and other schemes (facilitate loans to Women and other disadvantaged groups) and through innovative frameworks like ‘Impact Investing’ that can help to boost the entrepreneurial spirit, it is now possible to concerted efforts toward overcoming India’s myriad societal challenges.
This event is free but registration through Eventbrite is required to attend. Please click here to register.
Please find more information here.