Investments for Social Sustainability in India

This article assesses investments for social sustainability in India, highlighting the imperative to link economic growth with social and environmental priorities, as driven by the Sustainable Development Goals. It examines constraints such as fiscal procyclicality, limited access to finance for social enterprises, and biases in corporate social responsibility, which contribute to suboptimal social development outcomes. The paper also discusses the emergence of impact investment as a crucial asset class bridging private finance and purpose-driven initiatives in the Indian context.