Business and industry play a crucial role in the social and economic development of a country. Businesses are not responsible for solving all social problems. However, at the level of direct responsibility they should avoid causing problems and act to solve the problems they cause. CSR is an organization’s moral responsibility to stakeholder groups that are affected by the organization’s actions. CSR has evolved over the years with Social Responsibilities of Businessmen in the 50s and 60s. The 70s saw the Enlightened Self-Interest, while the 80s saw the Corporate Social Performance Model. In the 90s CSR was developed as part of Corporate Strategy while the last decade saw the convergence between the concepts of CSR and corporate performance occurring in both directions. It is often taken for granted that people from different cultures think in the same or similar ways. In fact, difficulty in intercultural communication often arises for those involved using different structures of reasoning. The Indian society is a multi strata society, wherein several socio-economic variables influence the perception and attitude of the people. Business ethics is not unknown to India as India has been practicing it from time immemorial. The fundamentals of Business ethics can be traced back to the religions. Three distinctive features of Indian philanthropy are (a) it is largely a story of Indian businessmen (b) it is a story of indigenous rather than expatriate business and (c) philanthropy is largely a story of family businesses as in most of Asia. At the same time driving forces, such as religious beliefs and sentiments associated with capital accumulation, industrial wealth and the resultant social consequences, hold true for India like the West. Again in India the CSR has evolve through four models of Ethical Model, Statist Model, Liberal Model and Stakeholder Model.The ideology of corporate social responsibility in India does not strictly distinguish primary and secondary stakeholders in according priority to stakeholder issues. Only few companies and business groups have taken a lead in promoting CSR in India. Based on the empirical study by stratified sampling of 389 respondents from Tamilnadu, one of the progressive states of India, the author has identified the Community upliftment, Education, Environment, Health Related, Children& Women, Human Rights and Employment of the Disabled as the priority areas compared to the priority areas of western as seen by Indians as Directly Involved in Social work, Disclosure Policy, Attempt to reduce environmental Impact and Consider Potential Environmental impacts. Using Discriminant analysis the research revealed that the Indian CSR is different from the Western CSR.