Relevance and Importance of Social Entrepreneurship in India: A Survey based Analysis

Abstract

An ideal society is one in which both problems and solutions coexist. Without efforts made by every industry on which a society stands, such problems cannot be implemented. One such industry is the social entrepreneurship industry. This practice uses business strategies and innovative approaches to address social problems and create positive change in communities. The social entrepreneurship industry has the potential to bring about significant change in society by tackling social problems with a business mindset. It can create a sustainable impact and help build a better future for everyone. In India, social entrepreneurship has become increasingly relevant and important in recent years. With a population of over 1.3 billion, India faces a range of complex challenges acting like a menace to the society, including poverty, inequality, pollution, climate change, and access to basic services like healthcare and education. Social entrepreneurs in India are therefore working to tackle these issues by developing innovative solutions that address the root causes of these problems. This paper aims to review the relevance and importance of social entrepreneurship in India.