Articles by Shubham Kumar

The Sustainable Development Goals make it imperative to link economic growth with social and environmental priorities. The current status of social development perspective and the role of government, corporate and social enterprises in delivering social sustainability in India are examined. Constraints such as fiscal procyclicality and vulnerability, lack of access to finance for social enterprises, and biases in corporate social responsibility activities lead to dismal performances in social development. There is a need to engage in non-concessional finances with public and private funds for financing social sustainability. Impact investment is an emerging asset class, which lies at the intersection of private finance and purpose-driven finance.