Corporate social responsibility (CSR) in India. What has been its history? Learn how the definition of CSR has changed over centuries. From being an act of charity to turning into a mandatory law, CSR in India has come a long way.
CSR as a concept was born in India with Mahatma Gandhi’s ideology of a Trusteeship model. This model advocated that the wealthy people of the society should contribute back to the society in order to fill the socio-economic gap. Gandhi realized this very early on that if the rich hold on to their money, then it will be difficult to break the cycle of poverty.
Post-independence the Indian government pushed towards public sector as a driver of economy. With the advent of globalisation, it was necessary to liberalise trade. Corporates now, had to, follow global norms to make trade and business more viable. This led to sustainability coming into picture. It is from this point that CSR was not limited to philanthropy alone. It was found that several private companies under-reported or falsely reported their CSR contributions. This led to making CSR a mandatory law in India. Since CSR has turned into a law, India has witnessed huge investments in the social sectors. If this pattern continues, the goal of bringing back the past glory of India as the golden bird of the world.
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