Corporate Social Responsibility and Voluntary Sustainability Standards: The India Story

Bimal Arora, Divya Jyoti

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter discusses developments in corporate social responsibility (CSR) and voluntary sustainability standards (VSS) in India. It explains how to engage in CSR and VSS in both Indian and western multinational companies. India’s growing economy, the increasing pace of production and consumption, its vast natural resources and a large supplier base, linked to global businesses, along with democratic and demographic dividends, make it both an attractive market and a destination for international businesses. Building on the historical Indian traditions of charity and philanthropy, the perceptions and practices of CSR in India predominantly referred to social investments by business. The CSR Mandate in India is also attracting much attention globally among policy-makers, practitioners and academic scholars, and also receiving both praise and critiques. The social and environmental impacts of business activities and unsustainable production and consumption practices are a growing concern in India.
Original languageEnglish
Title of host publicationIndian Business
Subtitle of host publication Understanding A Rapidly Emerging Economy
EditorsPawan Budhwar, Arup Varma, Rajesh Kumar
PublisherRoutledge
Chapter22
Pages267-277
Number of pages11
ISBN (Electronic)9781315268422
DOIs
Publication statusPublished - 30 May 2019

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    Arora, B., & Jyoti, D. (2019). Corporate Social Responsibility and Voluntary Sustainability Standards: The India Story. In P. Budhwar, A. Varma, & R. Kumar (Eds.), Indian Business : Understanding A Rapidly Emerging Economy (pp. 267-277). Routledge. https://doi.org/10.4324/9781315268422