Impact of Covid-19 on Corporate Social Responsibility: A Study of Indian IT Sector

Abstract

Corporate social responsibility has come to the limelight with the outbreak of Covid- 19 pandemic. The aim of this paper is to study and analyze the impact of Covid- 19 on corporate social responsibility with a special focus on Indian IT sector, to make a comparison of CSR obligation and CSR spending between pre and post pandemic period. It also study the activity wise spending of CSR of select sample companies for the years 2019-20 and 2020-21. Paired sample t test was used to test the formulated hypotheses. Findings of the study reveals that Indian IT companies played a pivotal role in fight against the pandemic and devoted much of its CSR funds towards healthcare and disaster relief. Statistical analysis reveals that there is a significant improvement in the CSR obligation of select companies in the post pandemic period (2020-21) as compared to pre pandemic period (2019-20).