India’s Social Stock Exchange (ISSE) – A 360° Analysis - Today’s commitment for tomorrow’s action

C. S. Divyesh Patel and Naresh K. Patel

Journal of Sustainable Finance & Investment, 2023, vol. 13, issue 3, 1394-1414

Abstract: This conceptual research aims to study the core components of India’s first proposed Social Stock Exchange (SSE), its structure and regulations, including types of eligible social enterprises, investors and financial instruments, disclosures, and reporting requirements along with the global SSE to carry out an informed and nuanced comparison. The research relies primarily on secondary and descriptive in the study. The study results show that India, the world’s most populous democracy, is about to launch a SSE in 2021 which will serve as a mediator between social enterprises that need funding and investors who are willing to invest their money and by designing and providing robust solutions which transform the habit of charity into a culture of social investment. Exchange focuses more on the development of the ecosystem, emphasizing policy and regulatory advocacy where Social ends and profit motives do not contradict each other. This implies profit generation for social purposes is a key sustainability feature. SSE should be a means for the markets to serve the society not for society to serve the markets.

Date: 2023
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DOI: 10.1080/20430795.2022.2061404

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