Social stock exchange: A futuristic means of financially Levitating Social Enterprises in india

Establishment of the Social Stock Exchange (SSE) by the government of India, though at a nascent stage, can pave the way for growth with social development by channelizing funds towards the social development sector beyond the traditional means of government grants and philanthropy. This paper takes a theoretical approach to investigate the new rules for SSE in India, delineate the global precedents in SSE’s and to delve upon issues and challenges in the Indian context that need to be-addressed for its success.

This paper is a content analysis, based on secondary data sources published on this novel concept of SSE in India. Websites, research papers, SEBI circulars and concept notes along with newspaper articles are used to delve into concept of SSE.

The key findings include finding out the challenges SSE will face in India as seen from global precedence of the concept. India being a developing country has its own set of challenges in implementation of SSE like screening of enterprises on SSE, organizational and leadership challenges, tax implications, developing social audit framework in India etc.

The study is one of its kind theoretical comparisons of SSE globally and in India. It is significant because the entire concept of SSE is new to both the investors and social enterprises. Since the concept is in the formation stage, it is highly imperative that scholars, researchers, academicians and professionals deliberate upon concepts, regulations, scopes, benefits and caveats of the upcoming SSE.