A Review of Corporate Social Responsibility and Its Impact on Development of India
Year: 2025
Type: article
Abstract: Corporate Social Responsibility (CSR) plays a vital role in fostering sustainable development by integrating social, environmental, and economic responsibilities within business strategies. 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.
Authors: Shakya, Pankaj, Maheshwari, Dr. Satish
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6893098907
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