A Review of Corporate Social Responsibility and Its Impact on Development of India
Keywords:
Corporate Social Responsibility, sustainable development, stakeholder engagement, corporate governance, IndiaAbstract
Corporate Social Responsibility (CSR) is essential for promoting sustainable development, as it weaves social, environmental, and economic obligations into the core strategies of businesses. This review examines the impact of CSR initiatives on India's development, particularly in industries such as tourism and hospitality. The literature highlights CSR’s influence on corporate reputation, stakeholder trust, and financial performance while addressing challenges like inconsistent implementation and
regulatory compliance. With India's legal framework mandating CSR activities, businesses are increasingly focusing on structured and measurable social contributions. The findings suggest that a well-integrated CSR approach can drive inclusive growth, enhance corporate sustainability, and contribute to national progress. Future research should explore innovative CSR models to maximize developmental impact.
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