Evolution of CSR in the changing scenario: A review

Abstract

The present paper is an attempt to collect and review important and selected literatures, both conceptual and analytical in nature that outline the significance of strategy and its best practices on Corporate Social Responsibility (CSR) to achieve inclusive growth, which aids to the overall efficiency of different corporate houses that are operating in the most competitive global business environment. Many researchers have conducted studies on how CSR contributed to the India’s sustainable growth. The review part pertaining to inclusive growth discuss about the institutional mechanism and practices in managing the CSR related activities in different sectors of society. In the current paper a significant number of research works conducted mostly in India, and a few more from global were discussed of numerous past literatures and investigations of their coherent linkage with the theme of how evolution of CSR playing a pivotal role in achieving economic and sustainable growth.