Can Finance Impact Mental Health?
Around 15 percent of Indians suffer from poor mental health and the number of people afflicted has been increasing steadily, especially with the lock-down impositions.
Suicide ranks as the second biggest cause of death for Indians of working age, so it could classify as a mental health epidemic in the country.
While it is no secret that we need vast improvements in medical infrastructure and de-stigmatization in a largely ignorant populace, can there be a paradigm shift from the financial sector?
Over the past few years, impact financing has emerged as a significant method of mobilizing capital into investments that target measurable socioeconomic/health impact along with financial returns.
Could this be the fillip needed?