Corporate Social Responsibility and its impact on the Indian Education Sector

Abstract

Education is the backbone of any society in this world but the quality of education matter a lot. In India Government has been taken several steps to improve education quality but government effort alone could not do enough. Everyone should give some contribution to improve quality of education. Like government Indian Corporate sectors has been also playing very vital role to enhance education quality through their Corporate Social Responsibility. This paper explains different Initiatives which has been taken by the top Indian corporates for betterment of education and also explore its impact on Indian education sector. Purpose: The aim of the paper is to identify the CSR initiatives of Indian corporations that has a direct impact on educational field of India and to classify which type of activities are involved to support education system of India. Methodology: This study is exploratory followed by descriptive in nature. The study is essentially a review of literature on CSR. Various secondary sources have been used to support this theoretical conceptual research such as recent newspaper articles, available published literature, company reports and government websites. Findings: Since ancient time CSR activities have been adopted by Indian companies. This study found that companies in India are more interested to contribute their CSR activities in education field but study also revealed that much more contribution and efforts have been required than the current contribution. Originality: The paper shares about CSR initiatives of Corporations in field of education to uplift the education infrastructure, system and shaping the knowledge culture for better future. Implications: This study insight on Indian education sector requirement and the significant aspects of CSR initiatives taken by top corporations of India. This study contributes towards the CSR strategy formation of the companies and government for enhancing CSR initiatives for uplifting Indian education sector.