THE CONSTITUTION OF INDIA AND CORPORATE SOCIAL RESPONSIBILITY: EXPLORING THE SYMBIOTIC RELATIONSHIP

Abstract

This research article examines the complex and mutually beneficial relationship between the Indian Constitution and corporate social responsibility. Constitution is the foundation of a democratic, equitable, and all-encompassing society. Additionally, CSR has evolved into a key tool for organisations to actively and constructively improve society beyond profit maximisation. Paper explains how these seemingly distinct entities converge and harmonise for communal welfare. With its values of justice, liberty, equality, and fraternity, the Constitution implicitly encourages business to create the nation. This article seeks to identify constitutional provisions that require corporations to align their operations with the sovereign entity's social and budgetary goals. Additionally, it examines landmark legal rulings that strengthened corporate constitutional concepts. The present study also examines the development of CSR in India, from a discretionary act of benevolence to a statutorily imposed set of obligations on corporations under the 2013 Companies Act. Paper highlights the symbiotic relationship between the Indian Constitution and CSR, highlighting the possibility of collaborative efforts to address urgent social, economic, and environmental issues. The above study illuminates the complex and reciprocal interaction at hand, providing valuable insights for policymakers, legal professionals, and businesses seeking to use this harmonious coalition to advance sustainable development in India.