A big country like India with myriad socioeconomic challenges direly needs social impact focused, responsible and purpose-driven businesses and startups. Entire business ecosystem needs a paradigm shift in its approach. B Corp certification could be a good start. Here’s learning about this certification, directly from India’s first B Corp.
If we as a nation have to achieve SDG # 10 that focuses on reducing inequality we need to transition large masses of people out of poverty towards better opportunities and ultimately a better life. Social entrepreneurship can be a game changer.
Identifying an authentic social impact organization is a matter of nuanced discussion and closer assessment. It’s the mindset, performance reporting and the substance of impact that determine a true impact organization. In this article I have applied my understanding to distinguish impact startup from the other 2 startups.
#economyforall: Understanding the Need for Equity Over Inequality with Pranil Naik, Founder, LeapForWord
Ashoka Fellow Pranil Naik shares his thoughts on why Equity needs higher focus than Equality to solve the problem of Inequality.
In this part I solicit your opinion on which of the 3 startups mentioned here is creating tangible social impact and why. I am keen to understand how you perceive an impact organization.
#economyforall: Understanding Macroeconomic Factors Of Inequality With Raj Bordia, Advisory Board Member, Hult Prize India
Raj Bordia explains how macroeconomic factors since independence have led to inequality in India and why social entrepreneurship can solve this problem in this Op-Ed.
Amrita touches upon the quality of education in public schools and how it relates to inequality through this Op-Ed.
Suvankar Mishra talks about the 2 pillars of Inequality – Crony Capitalism and Lack of Transparent Governance, in this Op-Ed
In this first Op-ed in #economyforall, MCCIA Director General Dr. Anant Sardeshmukh discusses the causes of inequality in India and why entrepreneurship that generates more jobs and opportunities is the solution.