Corporate Social Responsibility and Social Development in India: An Interface

Abstract

Corporate Social Responsibility (CSR) is a much-discussed subject understood contextually and largely debated between dichotomies of profitability and morality. India makes a case for amalgamation of both these dichotomies through compulsory CSR mandate. The cultural diversity of India offers a multitude of challenges in social development and has been approached through localization of both CSR and Sustainable Development Goals (SDG). The objectives of Indian CSR programme are further mapped to Agenda 2030 for achieving sustainable development goals. The influence of this approach is visible in shifting quantum of money, corporate initiatives as well as government schemes toward various development programmes. This paper studies the interface between CSR and social development, which makes a compact case for a public–private partnership to achieve Agenda 2030.