Future Horizons: How Social Entrepreneurship is Shaping India’s Social and Economic Landscape
Author : Madiha Zaeem and Dr. TG Rupa
Abstract :
Social entrepreneurship involves creating and implementing innovative solutions to address social, environmental, and community issues, focusing on generating positive social impact while ensuring financial sustainability. In contrast to traditional entrepreneurship, which prioritizes profit, social entrepreneurship combines business strategies with a commitment to social values. In India, this sector is rapidly evolving and significantly transforming the social and economic landscape by tackling major issues such as poverty, education, healthcare, and environmental sustainability through creative approaches. For example, organizations like Teach for India and Agastya International Foundation are improving educational access and quality in underserved areas, while Aravind Eye Care is enhancing healthcare affordability and accessibility. Environmental efforts include Selco India’s affordable solar energy solutions and Greenway Grameen Infra’s eco-friendly cookstoves, which address rural energy needs and reduce emissions. Beyond social impact, these enterprises stimulate economic development by creating jobs, fostering local economies, and supporting small-scale producers. They use technology to drive innovation and influence traditional sectors to adopt more socially responsible practices. For instance, eChoupal connects farmers with essential resources via the internet, and Janaagraha improves urban governance through technology. The success of social enterprises often prompts policy changes and attracts impact investors, further supporting their growth and scaling their impact. Social entrepreneurship in India is driving profound and sustainable change by raising awareness of critical issues, fostering a culture of social responsibility and illustrating the effectiveness of merging business acumen with a dedication to social good.
Keywords :
Social entrepreneurship, innovative solutions, social impact, financial sustainability, social responsibility
