International Journal For Multidisciplinary Research

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The Economic Dimension Of Corporate Sustainability: A Study On Realty Sector In India

Author(s) Dr. Rajni Gupta, Dr. Ananda Mohan Pal
Country India
Abstract Purpose: The success across three dimensions of corporate sustainability i.e. economic, social and environmental can be achieved by fulfilling the requirements of the various stakeholders. A business entity, an economic entity which draws its resources from the economy is also required to meet the economic priorities along with maximizing its shareholders wealth. A corporate entity in India, a developing country which envisions to move ahead in its developmental parameters is expected to contribute to the economy’s Gross Domestic Product and generate employment and also maximizing the return to its capital providers, thereby making effective utilization of the capital employed in the business. This study makes an attempt to evaluate the economic performance of select companies in realty sector on these lines.
Design/Methodology: The real estate sector in India is expected to touch a US$ 1 trillion market size by 2030, accounting for 18-20% of India’s GDP (as per IBEF report). Thus, this sector requires due attention in terms of sustainability in business. The measures used to evaluate the economic performance of the companies includes Return on Capital Employed (ROCE), Value Added Income Generation Ability (VAI-GA) and Employment Generation Ability (EGA). The research work makes use of secondary data from ProwessIQ database managed by Centre for Monitoring Indian Economy (CMIE). The study is based on NIFTY Realty Index comprising of ten firms and the time period of study extends over five years from 2017-18 to 2021-22. The statistical tools used for analysis includes median and arithmetic means. The methodology adopted for calculation for composite performance score is similar to the one used for computation of Human Development Index by United Nations Development Programme (UNDP).
Findings: Sobha Ltd. is the most efficient company in terms of making effective utilization of capital employed in the business and meeting the priorities of the Indian economy whereas Indiabulls Real Estate Ltd. is found to be the worst performer in terms of its economic performance. The average performance score for the realty sector calculated over the years 2017-18 to 2021-22 shows an upward rising trend for the sector.
Originality: Our research work intends to revisit the economic dimension of corporate sustainability and evaluating corporate performance in terms of economic performance and not by financial performance only as given by the existing literature. The originality of this research lies in including economic performance along with financial performance, thereby giving a different perspective to the economic dimension of corporate sustainability.
Field Sociology > Banking / Finance
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-06-21
DOI https://doi.org/10.36948/ijfmr.2026.v08i03.81764
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