Having spent enough time financing big-ticket corporate deals, Indian entrepreneurs are now driving a different agenda — combining profits with philanthropy through ‘impact investment’. According to the latest McKinsey report, the Indian impact investment space has seen $4.1 billion worth of investments in the past six years, a period during which the market attracted more than 50 active impact funds. According to the report, impact investment in India could grow to $8 billion a year by 2025. The global market for impact investments is projected to grow to $300 billion or more by 2020, according to the Global Steering Group on Impact Investment. What is impact investment?
Source: Business Standard