Abstract:
Following the passage of Section 135 of the Companies Act, 2013, which required
CSR spending for eligible companies, Corporate Social Responsibility (CSR) has
become a crucial feature of corporate governance and moral business practices in
India. In the Indian setting, where socioeconomic gaps, environmental concerns, and
stakeholder expectations are growing, this research article examines the efficacy of
corporate social responsibility (CSR) programs and their ethical implications.
Although CSR activity has increased due to India's statutory framework, this article
contends that the programs' long-term efficacy and ethical integrity are still
inconsistent. In order to improve accountability systems, fortify CSR governance, and
guarantee that CSR develops into a strategic yet morally grounded approach to
sustainable development in India, the study ends with policy recommendations and
ethical standards. This study adds to the larger conversation on responsible
capitalism by critically assessing the efficacy and moral implications of CSR in India.
Policymakers, business executives, and civil society actors can use its useful insights
to create CSR frameworks that are socially inclusive, ethically sound, and actually
have an impact
