An Analysis of Corporate Social Responsibility in India

Abstract

India is a developing nation where business firms related to telecom area, basic equipment etc., needed for a business or society to operate is at a developing stage. But after when lots of countries communicate and talk with each other which happened in the year 1991, when was opened up to the world and the international companies were allowed to do business in the country and invest in different parts and areas, the situation of industrial development has seen a sea-change. When Huge Companies are allowed by the government, there is bound to be extreme increase in the competition in domestic market. Each company tries its level best to prove itself in the market. They work for profit and profit becomes the very basic need for the organizations which are working in the country. But with the change in time and increase in the level of reading and writing ability rate, people who use a product or service become more and more aware and understand different things happening around them. With these changes another new idea comes out and became visible in the market which is called corporate social responsibility CSR, and each company claims to follow this responsibility. In this paper we are going to carefully study how this idea is working in India and to what extent companies are following it for social and money-based growth of the country. It will try to decide and figure out the importance of CSR; the activities big business performs under CSR, its hits, effects and coming-together.