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Summary

このスクリプトは、インドの未来を考えるパネルディスカッションを記述しています。参加者は、新しい世代の寄付者、特に女性リーダーシップの台頭と、彼らが持続可能な開発目標を目指すための革新的なソリューションを模索していることを強調しています。彼らは、政府と民間企業の協力、特に教育や医療分野での協力を促進し、投資やインセンティブを通じて貧困と不平等を減少させるための具体的なアイデアを提案しています。

Takeaways

• 💼 現在の世代の贈与者たちは、資金を投じる際に伝統的な健康問題以外の分野、特に気候などとの交差点に注目している。
• 🌐 世代間の贈与者たちは、より戦略的かつ戦略的な慈善活動を検討し、女性がリーダーシップを担う女性主導の慈善活動が急速に進んでいる。
• 💰 政府は、贈与を促進するためのインセンティブ、特に税制インセンティブを提供することが重要である。また、贈与の透明性と可視性を高めることで、より多くの贈与を促進できる。
• 📈 株式を寄付するインセンティブが重要で、公開企業の株式を慈善財団や慈善団体に寄付する際に、売却を延期できる期間を5年間に延ばすことが望ましい。
• 🏫 教育分野では、利益を上げる教育機関を認め、教育の質を示す指標を強化し、大学間の協力プラットフォームを構築することが求められている。
• 🏥 保健分野では、低コストで高品質な医療を提供し、特に小都市に焦点を当てた病院の設立が重要である。
• 🤝 PPP（公的民間パートナーシップ）モデルは、医療や教育の分野で政府と民間企業の協力が不可欠であり、より効果的なサービス提供につながる。
• 🌟 インパクト投資は、特に農業、水、健康、教育、金融包括などの分野で、新しいアイデアやビジネスモデルを生み出している。
• 💡 インパクト投資の成長には、国内外の投資家の理解と参加が不可欠であり、特に国内の投資家の関心を高めることが求められている。
• 🌿 社会株式市場の設立は、慈善活動の透明性と開示を促進し、寄付をさらに活性化させる可能性がある。
• 🔄 政府は、資金の効率的な配分や、特に最も脆弱な地域や層への資源の優先的配分を通じて、経済成長の平等化を促進する政策を検討する必要がある。

Q & A

なぜ「今の世代の寄付者」が注目されていますか？

「今の世代の寄付者」は、新しい流動性イベントに伴い、多くの資金を投入しているため注目されています。彼らは伝統的な健康問題だけでなく、気候やその他の分野に資金を投入しており、世代間の枠を超えた寄付活動を通じて社会的イノベーションを促進しています。

女性主導の寄付活動がどのように社会を変えていますか？

女性主導の寄付活動は、社会的イノベーションを促進し、女性の意思決定権を強化することで、社会的に重要な問題に対する寄付の針を動かしています。女性は財産を創造するほどではないが、寄付活動に積極的に関わり、寄付ネットワークを通じて多くの家族が集団で寄付を行っています。

政府や民間部門が寄付を促進するために何を優先すべきですか？

政府や民間部門は、寄付を促進するために税制上のインセンティブや寄付の透明性、さらにはプレイヤーの多様化と生態系の強化を優先すべきです。これにより、より多くの寄付が促進され、社会的イノベーションが促進されます。

株式を寄付する際の税制上のインセンティブはどのように機能しますか？

株式を寄付する際、税制上のインセンティブは、寄付者が取得した株式を慈善団体や財団に寄付した時に、その株式を売却する必要がある期間を5年間に延長することで、税上の利益を提供します。これにより、寄付者は税を支払わずに持っている株式を寄付することができ、寄付促進に役立ちます。

教育分野でどのような革新的解決策が求められていますか？

教育分野では、高品質な大学の創立や、教育の入手可能性の向上が求められています。特に、利益を追求しない教育機関のモデルを超えた、利益を追求する教育機関の認容と、教育品質の向上を目指す取り組みが重要です。

アショカ大学モデルとは何ですか？

アショカ大学モデルは、非営利の教育機関を指しており、高品質な教育を提供することを目指しています。このモデルでは、教育の質とリーチを向上させる取り組みが行われており、将来的には多くのアショカ型の大学が創立されることが期待されています。

持続可能な開発目標(SDGs)を達成するためには、どのような投資が必要ですか？

持続可能な開発目標を達成するためには、年間2.5万亿美元の投資が必要です。COVID-19の影響により、投資は一時的に減少しましたが、今後は農業、水、健康、教育、金融を含む分野への投資が増加することが期待されています。

アヤシュマン・バート医疗保险計画について、どのような問題点が指摘されていますか？

アヤシュマン・バート医疗保险計画では、民間医療提供者と政府間の支払いの遅延や、見込みの低い報酬レートが問題視されています。これらの問題を解決するためには、政府と民間部門の間の協力と、より迅速な支払いシステムの確立が求められています。

社会的な株式市場の設立は、どのような影響を与えると期待されていますか？

社会的な株式市場の設立は、寄付の透明性と開示を促進し、寄付者や投資家がより多くの情報を得られるようにすることで、社会的なイノベーションと投資を促進するでしょう。

将来において、政府はどのような政策変更を行うことが求められていますか？

将来において、政府は労働集約型の成長を促進し、特に女性と若者を対象とした雇用創出の促進、教育と医療の質の向上、さらには貧困率の低下と不平等の縮小を目指す政策変更を行うことが求められています。

アショカ大学の創立者であるAshishは何に最も興奮していますか？

Ashishは、国家の成長軌道に立っていることと、政府が教育や医療に関する政策を策定し、その実施に取り組むことに最も興奮しています。彼の情熱は、これらの分野における問題を解決するための機関の創立と、政府と協力して政策を実施することにあります。

アビシャルグループの将来の展望は何ですか？

アビシャルグループは、2030年までに資産を10兆ルピーから1兆ルピーに拡大することを目指しており、政府が考える新しい種類のファンド・オブ・ファンズの設立に期待しています。彼らは、より効率的な資本配置を可能にするファンド・オブ・ファンズの拡大を希望しています。

医療分野で何が最も希望されますか？

医療分野では、政府による医療保険の充実や、小都市や地方への医療サービスの提供が希望されます。また、医療従事者へのインセンティブや、都市化の推進も重要視されています。

若者の希望と野望は、どのような未来を象徴していますか？

若者の希望と野望は、インドの変革と発展を象徴しており、彼らが夢を実現するための集体的な責任があるとされています。特に、女性指導者への投資や、女性を支援する取り組みが、将来の焦点となります。

Outlines

00:00

💼 フィランTHROPYの新たな潮流

第1段落では、新しい世代のフィランTHROPYについての議論が行われています。彼らは伝統的な健康問題以外の分野、特に気候などの問題に興味を持ち、財政的なインセンティブや透明性の高い政策が必要なと述べています。女性主導のフィランTHROPYが急速に成長し、インドの約70％の家族が女性主導で行われていることが示されています。

05:02

🏫 教育インovationのための資本の必要性

第2段落では、教育、特に高等教育におけるイノベーションと資本の必要性が語られています。非営利のモデルであるAshoka大学の拡大や、教育の質の指標化、そして研究大学のための共同プラットフォームの重要性が強調されています。

10:04

🏥 保健サービスの普及とアクセシビリティ

第3段落では、保健サービスの普及とアクセシビリティに関する議論がされています。地域の小さな町における病院の必要性、医療費の負担とその社会的影響、そして低コストで高品質な医療サービスの提供方法が語られています。

15:04

🌐 社会開発目標への投資と課題

第4段落では、持続可能な開発目標(SDGs)の達成に向けた投資の必要性と、COVID-19の影響、インパクト投資の現状、および産業界とイノベーションが発展セクターに与える影響について議論されています。

20:06

🤝 公私協力モデルの改善と成長

第5段落では、公私協力(PPP)モデルの課題と改善点、特にAayushman医疗保险計画の見直し、医療保険の充実、および経済成長と雇用創出のための政策変更が議論されています。

25:07

🌟 インパクト投資と社会株式市場の将来

第6段落では、社会株式市場の設立とその意義、インパクト投資の拡大、そして政府が平等化のためのインパクトコインの導入を検討するべきことについて語られています。

Keywords

💡リキデイティイベント

リキデイティイベントとは、資産を現金に変換する出来事です。ビデオでは、これらのイベントが起こることで、資金提供者が「今の世代」として慈善活動に多くの資金を投入することを指しています。例えば、「comth兄弟」が気候やその他の問題に対する財団への資金提供が挙げられます。

💡女性主導の慈善

女性主導の慈善とは、女性が慈善活動の意思決定者として積極的に関わる現象です。ビデオでは、女性が財産を創造する能力が男性に劣ることを指摘しながらも、慈善活動への関わり方においては積極的な姿勢を示していると述べています。例えば、インドの「Giving Network」の70%が女性家族で構成されており、彼らが慈善活動に関与していると紹介されています。

💡インセンティブ

インセンティブとは、特定の行動を促すための奨励や利益です。ビデオでは、政府が提供する税制インセンティブが、より多くの慈善活動を促すことができると述べています。また、透明性の高い環境を作り出し、資金提供者が資金の行き先を把握できるようにすることが重要だと強調されています。

💡株式寄贈

株式寄贈とは、非営利団体や財団に株式を寄付する行為です。ビデオでは、株式を寄付することで、寄付者が資本益を発生する前に税制上の利点を享受できると説明しています。また、株式を現物で寄付することで、慈善活動に資金を提供するのに役立つとアッシュィッシュが提案しています。

💡教育の革新

教育の革新とは、教育システムや教育方法の刷新を意味します。ビデオでは、特に高等教育において、民間部門による革新的な取り組みが求められており、非営利である必要性があるとアッシュィッシュが述べています。また、大学の質の指標として、NIRFの他に、就職データなどの公開が求められています。

💡協業プラットフォーム

協業プラットフォームとは、異なる分野や組織が協力して目標を達成する仕組みです。ビデオでは、研究大学やアショカ大学の創立に向けて、協力が重要であるとアッシュィッシュが強調しており、協業プラットフォームが今後10年間に40〜50のアショカ型大学を創立する鍵となると予測しています。

💡影響投資

影響投資とは、財務的なリターンを得る一方で、社会的な影響をもたらすことを目的とした投資です。ビデオでは、影響投資がグローバルに拡大している一方で、インド国内ではまだ発展途上とされており、国内外の投資家がこの分野に注目し始めていると指摘しています。

💡PPPモデル

PPPモデルとは、Public-Private Partnershipの略で、公的機関と民間企業が協力してプロジェクトを遂行するモデルです。ビデオでは、医療分野におけるPPPモデルの課題について触れており、政府と民間医療提供者の間で支払いの遅延や見込みの不一致が問題になっていると述べています。

💡社会株式市場

社会株式市場とは、社会的な影響をもたらす企業やプロジェクトの株式を取引する市場です。ビデオでは、社会株式市場が透明性や開示を促進し、より多くの人々に慈善活動に参加するよう促すことが期待されているとアッシュィッシュが述べています。

💡影響コイン

影響コインとは、政府が発行する仮想通貨で、影響投資家に対して、特に地域開発に貢献する投資に対してリターンを提供することを想定しています。ビデオでは、影響コインが、地域間の格差を埋めるための政府によるインセンティブとして機能する可能性について触れています。

Highlights

The emergence of the 'Now Generation' of givers who are investing in areas such as climate and health.

The importance of women-led philanthropy in driving change and the need to encourage more women to be decision-makers in giving.

The Giving Pie Network's collective impact with 300 families giving a significant amount to India, with 70% being women-led.

The need for incentives like tax benefits to encourage more giving and the suggestion of mandating transparency in where giving is directed.

Ashish's advocacy for allowing shares to be donated to foundations or charities without immediate liquidation, proposing a 5-year period instead.

The idea of for-profit education to legitimize and destigmatize profit in higher education and the call for better quality markers beyond NIRF rankings.

The proposal for more collaborative platforms in research universities and the prediction of 40-50 Ashoka-type universities in the next decade.

The discussion on the role of impact investing and the need for a larger pool of capital to address the Sustainable Development Goals.

The emphasis on the importance of creating quality private healthcare that is accessible and affordable, especially in small towns.

The challenges and gaps in public-private partnerships, particularly in healthcare and the Aayushman Bharat scheme.

The potential of the Care economy to create jobs and support women's participation in the economy.

The concept of an 'Impact Coin' as a way to equalize returns for impact investors and incentivize investment in challenging areas.

The call for public, private, and philanthropy partnerships (PPPP) to address healthcare and education more effectively.

The vision for India's growth trajectory and the need for labor-intensive growth to reduce inequity and create jobs.

The importance of breaking patriarchy and investing in women's leadership for equitable growth.

The panel's collective optimism for India's future and the role of young people in driving transformative change.

Transcripts

yes and they're giving a lot more well

they have liquidity events right so once

these liquidity events happen we call

them the now generation so the now

givers are putting quite a lot of money

like the comth brothers rain matter

putting into or even having Ashish here

really putting money into foundations in

climate and other kinds of issues that

aren't always the traditional Health but

more at an intersection so you're seeing

these now generation givers you're

seeing intergenerational kind of like

the panel we had before next generation

is actually wanting to do a lot more in

philanthropy and thinking about how they

can be more strategic and I think what's

very exciting and you'll agree with me

Shireen is that we're seeing women-led

philanthropy actually really move the

needle and if we can really get women to

do more and be more of the decision

maker so they don't necessarily create

the wealth as much but they're actually

leaning into doing that philanthropy and

our giving pie Network which has about

300 families now collectively giving a

th000 crores to India 70% of the the

these families are actually women L as

in they're the ones engaged in the

philanthropy so if I were to ask you n

for one thing that you believe we need

to prioritize both from a private sector

perspective but also from the

government's perspective to create a

much more enabling facilitative

environment to encourage more giving I

think we have to have some incentives

right so I think incentives to give more

yeah like tax incentives I think it can

help and I think you know we we need to

be able to do that and we need to have

more visibility and transparent Arcy so

if the government can mandate and we

know where giving is going then we're

able to enable that so I think just

having more players and strengthening

that ecosystem I think will really help

okay Ashish I want to come to you now

yes go ahead I just wanted to add a

small thing on the giving I think the

incentive that would really help is

giving being able to contribute shares

because often people take their company

public uh if you donate shares to a

foundation or a charity it has to be

liquidated within a year so I would

Advocate that you know maybe give 5

years for a longer period of time that

will then enable people to sort of

tax-free give their equity which is the

way it happens does anyone really want

to part with equity for foundational

purposes or for giving purposes Ashish

no you'd rather I think it's easier

sometimes to give away small amounts of

equity than to give away money cash yeah

that's easier notionally and two is if

you're getting it pre-tax you know

giving away your Equity before it

crystallizes into a capital gain that

makes it easier yeah you know that's

that's one idea that you've put on the

table to create a more facilitative

environment for to encourage giving but

since you did uh pick up the mic let me

continue that conversation with you

Ashish and I want to talk about one of

the big spaces that requires innovative

solutions Innovative thinking and a lot

of capital from the private sector as

well a space that you're uh deeply

involved and engaged with education what

more do you believe needs to be done not

just at the level of primary education

but more so at the level of higher

education creating universities that

people have access to Affordable uh

educational facilities that people have

access to how do we create more Asoka

universities for the country so Ashoka

is a nonprofit and I I can talk about

that model later but I think we really

want quality universities to grow I

think first thing is I would say let's

Advocate to allow for profit you know

right now it's not for profit and then

people find a way to take money out

through an infra company content company

Etc let's make it legit for un D

stigmatize the idea of for profit for

Education absolutely and especially for

higher education it's a no-brainer I

mean you've seen it in the case of

Brazil the higher education companies

that have more than a million students

you know they've scaled up the

university system so that's one

two is I think we need a better quality

marker nirf is not enough I think

universities should be forced to

disclose their placement data the

acceptance dat you know all the data

about the students they get in and the

graduations the outcomes because often

That's the basis on which parents will

make decisions we've seen it with

engineering colleges the worst ones had

to shut down so for the market to work

well you can't have information

asymmetry so that's a a second one and I

think a third one for more research

universities like Ashoka we just need

more collaborative platforms I don't

think anybody can do it alone some

people can like the ambanis or shiv NAD

but I think more collaborative platforms

come together and I'm seeing that happen

we'll have 4050 Ashoka type universities

in the next decade in the next decade

4050 Ashoka type universities I think so

well that does deserve a round of

applause because it is a huge supply

mismatch at this point in time and we're

seeing Indian students actually having

to go outside of India uh to be able to

access quality education higher

education vit R you've been doing this

for over two decades now the idea of

bridging some of these inequities uh

assets under management across the

avishkar group of what about 8,000 cres

plus at this point in time where do you

believe the problem still lies what do

you believe needs to be done to really

unleash entrepreneurship for the

development sector

so let me actually just phrase 2030 is

just few years away sustainable

development goals came into being 2015 a

world without hunger poverty and Equity

brilliant thought process it's never

happened since the time Homo sapiens

walking straight so uh great vision from

the countries now uh to make it happen

you require $2.5 trillion a year

investment for last 15 years we lost

everything during covid so India itself

required close to a trillion dollar

investment close to a trillion dollar

investment in case we have to change uh

total impact investing despite all our

struggle everything impact investing was

born in this country this country

Remains the model I think we are talking

about few hundred billions that's where

we have reached globally impact

investing is close to a trillion uh I

think what we have done very well in

Impact investing is we have convinced at

least the foreigners that there is

something called impact investing and

they have started allocating large

amounts of capital uh we are still

struggling to convince uh Indians to

participate in the Venture industry uh

impact investing is going to be a step

from there uh the good thing that has

happened in India is that Venture

industry and impact investing has

actually come together partly because

some of the largest uh Enterprises are

coming are going to happen in

agriculture water health education uh

Financial inclusion uh and that's that's

exactly where the new ideas and new I'm

coming from startup marum and uh the

amount of people who the feet footfall

that we saw in agch was seen to be

believed actually where you have AIS and

G gaming competing against agch for

footfall so well that that certainly is

impact we will we will have to see how

this actually plays itself out but

you're right that we do have startups

now focusing on India specific problems

and trying to look for Indian uh ways of

being able to address some of those

including what you've been able to do

Shin with your chain of Hospitals now

explain to me uh what you've done

differently so that you can make Quality

Private health care accessible and

affordable and how do we scale that

model thank you sharen as we sit here

speaking about billions and trillions of

dollars and uh we were together at an

event recently at Davos where the head

of a large multinational Bank actually

mixed up for billions and trillions and

said no no I don't really meant trillion

I meant billion oh no it was trillions

so when we sit here speaking of that a

silent majority seems to slip through

all safety nets and India we are

speaking about more than 500 million

people who have no access to emergency

tertiary quality healthare and in

healthcare the issue is that the

inequalities are not just because of the

financial reasons that we speak of at

these panels right the inequalities go

way beyond that geographical reasons are

one of the top reasons right

metropolitan cities the nine metros of

uh India have a population of what

around 12 13 cres if we take the state

capitals as well another 20 cres so more

than 100 crores are staying above out of

these cities and they have less than 5%

of all super speciality Healthcare

available so even if you are a 100 CR

net worth individual in a small town

like sitar Gan where we work if you have

a heart attack and we were not there at

that moment of time there's no saving

you those 100 crores cannot save you so

we understand that the real need is in

these small towns but also poor physical

outcomes are just a small part of the

outcomes in all poor financial outcomes

are real and they are there for

everybody to see more than 40% of all

Indians and it is difficult to

understand sitting in this Hall more

than 40% of all Indians have to either

borrow or sell some asset every

hospital

hospital 5% of them slip below the

poverty line at each hospitalization

that is more than six CR people every

year yeah so providing low cost high

quality Healthcare is something that we

have excelled in we have now 22 of these

hospitals the setup costs are low we

apply the parto principle ruthlessly we

understand that at 20% cost we can

deliver 80% of the infrastructure 80% of

the outcomes 80% of whatever is needed

in that Healthcare region so this is

what we been doing and I think it is

real I I think it's very doable we've

we've proved it to the world we've

proven the model yes 22 hospitals up and

running across India across North India

at this point in time Ashish said 40 to

50 Ashoka universities over the next 10

decades how many hospitals are you going

to be set setting up over the next

decade yeah yeah we shouldn't be less

than ashis so 50 is the number we should

go with as well okay but you know we're

talking about safety nets an I want to

get you to come in on that as well but

just a quick point from you uh Swit in

before I I get n back in uh since we're

talking about safety nets and we are

talking about what the government can do

aayushman bhat for instance uh scheme

Maki scheme of the government it is up

for review vinode Paul committee has

been set up by the government to review

the aayushman bhat scheme what do you

believe needs to be done to recalibrate

if at all today uh you know people

question the reimbursement rates for

instance what do you think can be done

to make it more robust Shireen you know

we've been the champions of aishman bhat

ever since it was launched we did the

first cardiac procedure in the country

under aishman the first anoplasty was

done at our hospitals out of the first

10 hospitals recognized and rewarded by

the government four were ours

unfortunately the issue Still Remains as

in all PPP Partnerships this is a PPP

partnership right this a the government

is always wary and suspicious of the

private healthcare or the private

providers the private providers are

always wary that the government does it

really mean what it's saying uh on the

big dases uh payments are delayed due to

those suspicions only there's lots of

issues between the rates that the

private healthcare expects and the rates

that the government wants to give even

if we are ready to work at these rates

it's a very low margin high volume

business so but if you're earning less

than 10% margins on those low rates if

the payments com in a year later then

you cannot you know hope to earn any

money out of it and that is why

hospitals stop uh these services off and

on so like for example in harana all

private hospitals stopped aishman

services for a a couple of days because

their payments had been due for more

than one and a half 2 years so if they

can you know they've announced the green

Channel but if they can Implement on

yeah n you know just on the point of PPP

and models that have worked but as shuin

was also pointing out gaps execution

gaps remain and to Ashish is point about

collaboration you know off the 23,000 in

fi23 of CSR money and that available

pool of capital everyone wants to do a

little bit of Education everyone wants

to do a little bit of healthare but how

do you get education or healthare at

scale using that Capital through the

power of collaboration so in fact in our

report we talk quite a lot about we're

seeing an increase in collaboration and

having more pooled funds alongside with

government could accelerate you know a

little bit more Innovation but the

challenge Shina is not about is it

education or isn't is it health for

example 12 years we've been running a

collaborative for adolescent girls you

can't just Cho her into pieces and be

like here's education here's health you

have to work on sort of outcomes that

might be keeping her in school making

sure she's not getting pregnant not

getting married uh and you know is

employability which brings me to we can

have as many hospitals and education and

even businesses but our biggest

challenge is actually smoothing this

income for a bulk of the country right

income is just so choppy that if there's

some way to smooth that with policies

with schemes with additional support

because then you're going to get really

that engine for our economic growth and

the biggest challenge honestly that

we've seen is for girls and women and

the most vulnerable so they often get

invisible they often don't get reached

out to and that's where philanthropy

plays a role and that's where

collaboratives with philanthropy and

pulled Capital needs to go to the

aspirational districts it needs to go to

the most vulnerable because they need

products and services to be subsidized

ultimately yeah asish you know the the

the niog and amitab Khan set up that 100

aspirational districts with a clear

focus of being able to to try and

address uh the vulnerable but outside of

that if I would ask you to prioritize

and we were just talking about this

prioritizing growth but more importantly

Equitable growth job creating growth

what is it that you would like to see

now in terms of policy changes policy

interventions yeah so I think at the end

of the day whatever philanthropy does

will be very small um the state needs to

come up with policies and crowd in

private Capital to make it happen and we

need to focus on labor intens growth we

need to prioritize sectors where lots of

jobs get created uh so I would say a few

things one is the investment to GDP has

already gone up public investment it

needs to go up further because we need

much better infrastructure in order to

be competitive from a manufacturing

standpoint two is we need more

industrial incentive we have P which is

a good start I think we need an Eli

employment Linked In incentive

particularly for for and we need to pick

sectors like garments like uh woodwork

furniture making toys all the labor

intensive sectors which create lots of

jobs and provide the right set of

incentives for people to Kickstart uh uh

uh companies in those areas and to grow

them third is we need an exports Mission

because China captured anywhere from 30

to 50% global market share in all labor

intensive manufacturing from an export

standpoint this is a golden opportunity

for India because China is blacklisted

now and uh this will yield huge results

in terms of job creation so my focus

would be more on how does one accelerate

growth but accelerate growth in a manner

that's actually creates lots of jobs

because that's ultimately the way out of

poverty it's ultimately the way to

reduce the Gen index as well and so

therefore reduce inequity so not just

pli but an Eli as well and that's of

course been on the table let's see

whether the government moves forward

yeah I want to make a plug sharine for

the care economy I think it can create

jobs and it can really really really

help women now you have my vote on that

already we need much more of the Care

economy and that will unlock the

potential for women to participate uh in

the economy across the formal as well as

the informal sector but vene you know I

want to talk to you about uh one of the

big ideas that you've of course also

been involved with the social Stock

Exchange and India has seen the first

listing on the social Stock Exchange you

know take me through what you hope this

will do for some of these issues that

we've spoken about and for the idea

behind impact investors and impact

investing Al so I think social Stock

Exchange is more on the philanthropy

side so while I was one of the

Architects but actually worked more for

n than for me uh having said that I

think uh what it does is brings the more

important parts of transparency and

Revelation and allowing people or

encouraging people to do more

philanthropy I think for social stock

change while CSR and other things are

already there uh maybe we should

actually allow temples to invest and uh

I know I know there is actually the

amount of money that is lying in the

temples is actually worthy to go through

social Stock Exchange into the projects

that's listed so n for you please do

look at it I am very sure the current

government is actually thinking on that

line so do not forget that thinking of

being able to monetize what's lying with

temples yeah yeah and it's actually

Global I have actually gone to Vatican

and Tred to take money out of them I

realize they don't have much money but

so I've tried everything but Indian

temples are very important so I think we

should use the money productively

because the amount of hundi that they

receive is significant and make a big

difference probably more than what we do

on the CSR uh but if you if you have to

look on the equalization side on the on

the commercial side uh then like carbon

credits uh where you are pretty much

actually trading the Arbitrage for

growing trees uh I think we need to

evolve a impact coin this is actually to

address uh switchin uh see there's no

way I will do a startup in samastipur in

Bihar which I have done unfortunately uh

I will generate a $2 25% do irr and

compete with Rajan anandan of peak 15

it's not going to happen uh

unfortunately whatever I do uh as an

impact invest I'll do all stupid things

but when I go to the lp they ask the

same returns yeah now you don't need to

be a rocket scientist to understand

samastipur will always be far behind an

I graduate in Delhi or gaming a guy in

gaming will actually win against a

warehousing company so an impact coin

could actually work for switchin for

work for me to push Capital to generate

returns and then got get compensated and

that can come from the government so

impact coin is actually the way for the

government to think about in creating an

equalization for those places where

there is going to be a struggle to

create value well we've got three

concrete ideas Ashish vene and N putting

three concrete ideas for the next

government to consider should what what

what are you putting down on that list

for the next government to consider yeah

I think I agree that we need to add

another P to the PPP so it's public

private philanthropy Partnerships that

we need to make instead of just the

public private Partnerships I think for

healthc care and education both I think

it's naive for us to think that the

government can just step back and allow

the Private Industry to no can because

it continues to do the bulk of this

heavy lifting absolutely and the

government needs to play a very active

part uh we've been hearing Promises of

increased GDP spend on Healthcare we

need to see that in action now I think

for the next 5 years we need to make

very sure we need to incentivize doctors

and providers uh to go into these

aspirational districts go out of the

Cosmopolitan cities to set up Healthcare

facilities and we need to make sure that

we stress on urbanization enough see

because just having the hospital there

does not really cut it the doctor has

reached the super specialist stage he's

a cardiologist because he studied all

his life he did very well in school so

she needs a good school to be there for

her children to study she needs a level

of urbanization to relax after work so

all of that has to be pushed across all

of these districts to make sure that

Healthcare goes there as well you know

Ashish I'm going to start uh by asking

each one of you for your wrap-up

comments and I'll start with you Ashish

you know the one thing that gives you

the most hope at this point in time in

being able to address and Bridge some of

these inequities over the next 10 20 30

years and the one thing that you

individually through the various things

that you're doing through Central Square

through Ashoka and so on and so forth

the one thing that excites you the most

yeah I would say what excites me from a

country standpoint is that we are on a

very solid growth trajectory the next 25

years I think the real question is how

do we create more jobs so how do we make

sure it's labor intensive growth because

that will reduce Equity while we

accelerate growth how do we get more

investment how does India's share of

export in the world go up dramatically

and how do we move up the value chain

now in terms of me personally my passion

really is to build more institutions

that really work on these issues

alongside government on policy and

policy implementation as well but what's

been the biggest learning institution

building is hard work Ashish what has

been the biggest learning on on this

journey that you would like to share

with us and anyone else who's

considering Institution building I think

the biggest learning has been one is

partner with others Nero was also

referring to it um it's much better to

do it with others than just doing it

alone and two is government is the main

actor uh and so one has to work with

government and three is just be

Innovative there are new Solutions there

are new ways of working so being in

Innovative being outcome oriented uh is

something that we bring from the private

sector vene so you know what's the thing

that you're most excited about and

what's the future as far as the avishkar

group is concerned what what uh what's

driving you today so we are at around

14,000 cror hopefully to 1 lakh crores

uh by 2030 I actually didn't take into

my calculation the covid I went from

5,000 Rupees to 100 crores in first 10

year 150 million so roughly 1,000 crores

in the first 10 years 1,000 to around

9,000 in the second 10 years and we said

okay we'll continue on the same growth

so 1 lakh then covid came so we stayed

we have slowed down quite but I think

from

I'm very excited about government

thinking differently I'm very excited

about they actually talking about fund

of funds that's a good idea for them to

have less control yet have control uh

and allow thousand other people to more

efficiently deploy their Capital so I

think uh I would want to see if the new

government comes in whichever government

comes in to actually uh announce

different kinds of funds of fund which

are 1 lakh crores and not 10,000 crores

I'm fairly famous as a beggar both in

Europe and us uh I do not mind being

becoming famous here for fundraising uh

but till 2017 I raised zero in India in

last 5 seven years I've raised

significant amount of capital in India I

think what has been surprising is the

global fund of fund Capital now is

thinking about raising money in India

which is a big surprise so that means

there is a lot of capital here which is

curious and wants to participate and

government being one of the bigger

mobilizer of capital should actually

continue to be working on the fund of

fund path so fund of funds and a whole

host of fund of funds with a

significantly higher outlay chuchin what

uh is the future what makes you the most

excited what gives you hope and

confidence I truly believe this is

India's century and uh with the

government's focus on Healthcare I think

it's organizations like us that are at

the really sweet spot right the focus on

medical colleges nursing colleges

ensures that the supply side of

healthcare will be adequately addressed

for us we will have enough doctors

coming out to make sure that they don't

don't just stay in the big cities they

come out to the smaller towns and the

focus on insurance on making sure that

out of pockets funds reduced because we

have to realize that in India Healthcare

is not just under accessed it is under

served as well right the landet

commission for Global surgery said that

an lmic country like ours should have

about 5,000 surgeries per 100,000

population per year and this number can

go as high as 23,000 in countries where

out of pocket spend is negligible ible

and awareness is very high like the

Scandinavian countries but if you see in

India how many surgeries happened last

year is just about 2 2 and a half crads

so that's just 2,000 per uh 100,000

population where are the rest of the

3,000 people they're not getting the

surgery at all because they don't have

enough money or they are not aware that

is why all these guine Book of Records

come out of India right the doctor is

standing with the poor girl and they're

both very happy oh we removed this 20

kilo tumor look at this is so nice but

that tumor should have been removed 20

years ago when it was like a 500 gam

tumor right so this is increasing access

and we are getting more patients coming

into the hospital so I think

organizations like us are at the real

sweet spot and it'll be a good time for

everyone NRA I promised you the first

and the last word so we're going to end

with you what gives you hope and what

gives you what keeps you excited today

really special by being able to give the

last word because I actually believe and

we'll all agree that it is our young

people that give us hope right their

aspirations and how they really want to

see a transformed India I think we have

a collective responsibility to have them

achieve those uh dreams and aspirations

and I think we can in our country I

think our biggest challenge honestly is

patriarchy if we could actually break

this patriarchy yes that's that does

deserve a round of applause but we're

also collectively responsible for

perpetuating this but one of our biggest

initiatives right now is investing in

and really trying to transform women in

leadership and it's women in leadership

in business philanthropy development you

know across the board but we all have to

come on this together we all have to

come on this together and each of you

have very carefully articulated what the

road ahead looks like it requires all

stakeholders to be at the table and

requires all of us to collectively put

our hands together to sure that we

Bridge some of these very crucial gaps

and inequities uh ladies and gentlemen a

big round of applause to this panel uh

talking about creating an equitable

future for India appreciate your time

and appreciate your insights thank you

very much for joining us

today thank you to our esteemed

panelists and Shireen for that very

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insight