India Wants To Leverage Its Stock Market For Social Impact. Will It Work?


credit: USACE on Flickr

India wants to use its stock market to raise funds for social causes.

The country's securities regulator has approved the setting up of the Social Stock Exchange, which will operate within the Bombay Stock Exchange, the country's largest, Eco-Business reports.

The exchange will allow non-profit companies and those working toward social causes to list their shares and trade them for a range of causes, including aleviating poverty and providing affordable housing.

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