CONCEPT AND EVOLUTION OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA

The paper dwells into the concept of Corporate Social Responsibility and also shows the evolution of the concept in India. Globally the concept of CSR came into existence much before than it grows and spread its roots in India. Starting from the philanthropy the concept evolved over the years and then gradually corporate took it as their responsibility towards the employees, their families, the local community and society at large. There are many companies in India that were engaged in the developmental activities. Those initiatives were taken voluntarily by the companies for the socioeconomic development of rural areas. The term became popular in 1960s and now is formidable part of business operations.