India is the first country in the world to make corporate social responsibility (CSR) mandatory. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance. Since the applicability of mandatory CSR provision in 2014, CSR spending by corporate India has increased significantly. In 2018, companies spent over US$1 billion to CSR initiatives, and this number is only expected to swell in the years to come.
- Development of CSR in India
- CSR and its impact on society
- Mindtree Foundation – Case Study