Critical Review of CSR Implementation by Indian Companies: Implications for Financial Performance and Stakeholder Engagement

Author(s)	Dr. Neha Chandra
Country	India
Abstract	Corporate Social Responsibility (CSR) has evolved significantly over the past six decades. In today's highly competitive landscape, businesses across sectors have come to recognize that their growth is intricately linked to the well-being of the society in which they operate. This paper critically examines the rationale behind CSR, the strategies adopted by companies in India, and the tangible changes brought about by such initiatives. Drawing on secondary data from annual reports, journals, and surveys, this study highlights that while many Indian companies have incorporated CSR into their operations, the pace and depth of societal impact remain limited. Areas such as education, healthcare, skill development, and rural upliftment are seeing gradual improvement through CSR—but often driven more by regulatory mandates than intrinsic corporate commitment. The study concludes with a call for deeper integration of CSR into core business philosophy, going beyond compliance to genuine societal transformation.
Keywords	Corporate Social Responsibility, CSR Practices, India, CSR Strategies, Sustainable Development
Field	Business Administration
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-07-07
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.49546
Short DOI	https://doi.org/g9s9c9

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