ROLE OF CORPORATE SOCIAL RESPONSIBILITY (CSR) TO DEVELOPMENT OF INDIAN ECONOMY: A GLANCE

The achievement of economic development and growth in India is a shared responsibility among the government, private sector, and civil society. Despite being one of the world's fastest-growing economies, many people still live in poverty and malnutrition. The Business organizations, through corporate social responsibility (CSR) initiatives, contribute to addressing the challenges by promoting sustainable development. This not only fulfills ethical obligations but also generates employment opportunities and supports local businesses. A collaborative approach is crucial to addressing social and environmental challenges in India. The government sets policies and regulations that encourage private industries to invest in sustainable and socially responsible initiatives, while civil society organizations provide a platform for dialogue and advocacy. Together, these stakeholders can create a holistic and comprehensive approach to achieving inclusive and sustainable economic growth. Collaboration between the public and private sectors is essential for the successful implementation of sustainable practices.