A Review of Corporate Social Responsibility and Inclusive Growth

Business houses are playing an important role in the overall social development process of the country. This is due to the policy adopted by many Indian Companies have grown in size and are capable of conceiving conducting development policy and innovative programs in the field of health, livelihood, education, micro-financing, and income generation programs. These programs have also made important contributions in the effort to eradicate various social problems as these are all closely intertwined with the rapid inclusive growth of the country. There are some reports showing that rapid, inclusive growth is possible with more participation of the private sector. However, unless big companies make significant improvement and constructive changes in promoting philan thropic behaviors, their best efforts may not prove sufficient for ending various problems being faced by the larger sections of the society. Meanwhile the companies have started focusing on the middle and lower income group markets and to that extent have embraced inclusive growth. This paper gives a solid background based on the review of various literatures in order policy to conceive a strong CSR policy in the country.