Question 5GS2GS2

How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India? (Answer in 150 words)

Main Body

Recently India's philanthropic report 2015 noted CSR has emerged transformative tool not just for corporate governance but as business-led solution in India's development trajectory.

CSR: Business-led solution

1Human capital development - more focus on education-sorting and health sector

(ex) InfosysKarnataka business model in govt health policy

2Addressing development gap in socio-economic sector (ex) Tata's cancer care treatment

3Structural changes & massive capacity building of stakeholders (Amartya Sen-capacity approach)

* IIC-e-choicpal Initiative- Amartya

4NGO-CSR: Synergy of society approach to address development deficit (ex) Kudumbashree project

5Regional balanced growth

(ex) TISCO projectITIs and industrial growth in Jhamshedpur

Section 135 - Companies Act 2012 - legalized 2% profit sharing for socio-economic cause

Challenges:

1Retail sector specific → CSR/ 100 sectors

2Regional imbalance -15% CSR in top 5 states

3CSR as tax exemption, not true spirit

4Report- 50% CSR 'unspent'

Despite having limitation, CSR has emerged as transformative tool of business-led economic development in India.

164 words9 paragraphs1 bullet points

Conclusion

Despite having limitation, CSR has emerged as transformative tool of business-led economic development in India.

15 words

Open original scan

Page 14

Topper

Vipulbhai Karmanbhai Chaudhary

AIR 1152024

Subject & Paper

GS2GS2

Topic

Government Policies and Interventions - Design, Implementation and Issues

Government Schemes and Policies

CSR as development solution

Writing Stats

179

Total words

Paragraphs

Bullets

analytical

Tone