A quick insight from Ryan Gunderson of Riches for Good: India is the most favored country for social entrepreneurs around the world. According to his research, India has “over 75% of the top organizations [in the field] working there.”
Why is India the clear favorite for social entrepreneurs? The obvious answer is market opportunity. India has a population of 1.1 billion people, or 1/6 of the world’s population. According to the CIA World Factbook, approximately 1/4 of these people, or about 300 million people, live below the nation’s poverty line. GDP per capita at PPP is $2,500, or about $7 per day, which is high enough that market-based approaches to poverty alleviation can be effective. And industrial output is growing at 8.5% per year, so MNCs are eager to capitalize on growth and show good corporate citizenship in the process. So whether you’re a for-profit or a non-profit, be prepared to answer the question “What’s your India Strategy?”
His findings confirm that social entrepreneurship is playing a key role in India’s growth. Check out his complete list and methodology here.