New Delhi, 16 September (IANS). India’s High-Net-Worth (HNW) families can help the country to make the country a $ 5 trillion economy by using their capital in social goals, influence investments and blended finance techniques. This information was given in a report on Tuesday.
Investments that bring impact means to earn profit by investing in such businesses, which have a positive social impact. At the same time, blended financeing can mean a financial strategy, connecting capital, philanthropic and private sources to achieve the targets related to sustainable development.
According to the report of the Wealth Advisory firm Waterfield Advisors and NPO organization Impact Investors Council (IIC), many HNW families continue to work separately and display low retention in influence investment.
The report said that the participation of HNW families in the impact investment is increasing, but retention is weak. Out of 316 HNW families entering 2021, only 64 will remain active in 2024.
The report further stated that although public funding remains the major source of social sector expenditure, a significant finance gap remains and is expected to increase further in the coming years.
It states that HNW families are in good position to fill this gap by investing in high-effects enterprises in areas such as health, education, agriculture, livelihood, climate, financial inclusion and affordable housing.
Soumya Rajan, founder and CEO of Waterfield Advisors, said, “This report calls out from lump sum to continuously, to move towards strategies based on strong belief, which can help India’s social finance gap finish.”
Girish Avalli, CEO of the Impact Investors Council (IIC) said, “When the discussions turn into firm confidence and then action, the family wealth can actually catalist systematic changes and strengthen India’s 5 trillion dollar travel.”
The country’s economy maintained its strong pace in the first quarter of FY 26, with GDP increased by 7.8 percent increase compared to 6.5 percent of the same period last year.
-IANS
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