ROLE OF CORPORATE SOCIAL RESPONSIBILITY IN INCLUSIVE GROWTH OF THE INDIAN ECONOMY

Corporate Social Responsibility (CSR) has emerged as an important mechanism for promoting inclusive growth in the Indian economy by encouraging corporate participation in socio-economic development. The concept of inclusive growth emphasizes equitable distribution of economic benefits, reduction of poverty, and improvement in the quality of life of all sections of society. In this context, CSR initiatives undertaken by companies play a significant role in addressing developmental challenges such as unemployment, lack of education, inadequate healthcare, and regional disparities. The present article examines the role of CSR in promoting inclusive growth by focusing on key areas such as education, healthcare, rural development, women empowerment, environmental sustainability, financial inclusion, and employment generation. The article also discusses the CSR framework in India and highlights how corporate initiatives complement government efforts in achieving balanced development. CSR-driven programs in skill development, entrepreneurship promotion, and livelihood enhancement contribute to income generation and social inclusion. Furthermore, CSR initiatives aimed at improving infrastructure, promoting digital literacy, and supporting marginalized communities help reduce socio-economic inequality. The study concludes that CSR acts as a strategic tool for sustainable and inclusive development in India. Effective implementation, stakeholder collaboration, and long-term CSR planning can enhance the impact of corporate initiatives and support inclusive growth in the Indian economy.