Corporate Social Responsibility for Sustainable Development Growth of Indian Industries

The Government of India is welcome to transition towards a society in which any corporation that meets such criteria shall establish a Social Responsibility Committee and invest 2% of its income on CSR and enforce the CSR policy (Prasad et al., 2019). The same investment pattern is provided for CSR since businesses are now expected to develop standardized and obligatory CSR regulations. It will contribute financially and in the fields of schooling, hygiene, and other contact services to the locality of the business. There is still a disadvantage, though, because a business must use its profits and then it can invest its money somewhere until the arrangement is rendered by other businesses withdrawing their hands from places where they have already done CSR work. This provision benefits the local public, but at the same time, it is a failure in places in which businesses are still not formed. However, in general, we can infer that the Government of India is welcome because it will allow our nation to grow its country sustainably. The 'Vedic time' was born when history in India was not documented. At the same time, kings were dedicated to civilization, and the merchants were responsible for themselves by establishing worship sites, educational institutions, inns and wells (Rish et al., 2014).