Vineet Rai Writes for World Economic Forum | Investors & Philanthropists Can Support an Inclusive Recovery
30 Jul, 2021 | Vineet Rai
The COVID-19 crisis has shown that philanthropic and grant capital is best placed to mobilize rapid relief.
Impact investments can drive long-term innovation, especially among local community organisations.
Both approaches are required to channel much-needed financial resources into innovative community-focussed organisations working on the frontlines of the crisis.
During the first wave of COVID-19 last year, tens of thousands of desperate migrant workers deserted Indian cities to make the long journey back home on foot. They walked thousands of kilometres and exposed the deep fault line between industrial and agrarian India.