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Volume 4, Issue 1
Evolution of Corporate Social Responsibility in the Globalized Landscape of India
Author: Prof. C. P. Gupta & Kusum Chaudhary
Abstract:
The evolution of Corporate Social Responsibility (CSR) in India's globalized landscape represents a transformative journey influenced by economic, social, and environmental dynamics. This abstract explores the key trends and factors shaping the trajectory of CSR practices among Indian businesses. Globalization has exposed companies to international standards, making CSR instrumental in building a positive corporate image. Stakeholder engagement and a strategic approach underscore the need to balance diverse interests. The regulatory framework, notably the Companies Act, 2013, has formalized CSR, integrating it into corporate governance. Ethical considerations and environmental sustainability have become integral, influenced by judicial cases and public awareness. The alignment with Sustainable Development Goals (SDGs) reflects a commitment to broader global objectives. As India navigates the challenges of globalization, CSR emerges as a strategic imperative for sustainable and socially responsible business practices, shaping a future where businesses actively contribute to societal well-being.
Keywords: Globalization, Corporate Social Responsibility, Social Performance, communities.
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