CORPORATE SOCIAL RESPONSIBILITY AND DEVELOPMENT: ASSESSING THE DIRECTION AND DEPTH OF FUNDING IN INDIAN DEVELOPMENT SECTORS

Abstract

Corporate Social Responsibility (CSR) has become an important way for companies in India to support society and the environment issues.Corporate Social Responsibility has been an integral part of Indian corporate culture even before the enactment of the Companies Act, 2013. It began as a voluntary act of goodwill, with companies choosing to support social and environmental needs on their own. With the introduction of the Section 135 of the Companies Act, 2013, CSR became a formal responsibility, leading to more structured and accountable efforts. The present study looks at how CSR funds have been used across various development sectors over a period of 2014 to 2023. It focuses on how consistent the spending has been, how much it has grown recently, and how the focus on certain sectors has changed. Findings revels varied consistency trends, with some sectors demonstrating greater stability and others reflecting fluctuations.