In the current economic crisis, financial pressures are further worsening the existing social problems of poverty and unemployment. According to J Gregory Dees, “Social entrepreneurship is necessary to mitigate the financial repercussions among vulnerable".
With pay cuts and job losses happening all over the world, the needs of the hour are ideas, innovations, creative solutions and fresh perspective that can cater to the changing market demands, emerging economies and a new world economic order and social entrepreneurs fulfil these needs.