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The opportunity for private equity impact investing in India

Radhika Shroff
Managing Director, Private Equity Impact Investing
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As the largest democracy in the world, India is home to 1.3 billion people, 940 million of which are working age, and at least 300 million of which are rising from low-income into the middle class. The middle class is expected to double over the next 25 years, driving consumer demand equal to that of the United States.

Despite this growth and wealth dynamic, large swaths of people across the country lack access to high quality basic services such as financial services, education, healthcare, and reliable renewable energy, introducing an enormous opportunity for commercial businesses to meet their needs.

Radhika Shroff, Managing Director at Nuveen Private Equity Impact, examines the investment case in India and the growing opportunities for private impact investors in the country in the coming years.


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