Are We Moving Towards a Truly ‘Social’ Stock Exchange?

SEBI recently approved the creation of India’s social stock exchange. We analyse some of the strengths and shortcomings of its proposed framework and operational structure.

The purpose of establishing the SSE in India is to ‘take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion’.

While it is too early to determine if the SSE will be able to achieve this purpose in the long run, Samhita’s Anushree Parekh, Amiya Walia, and Shivina Jagtiani examine whether the proposed mechanisms are defined and designed in a manner that furthers this goal. In doing so, we draw upon the insights and learnings published in our comprehensive research that reviewed seven global SSEs