Importance of CSR strategy and CSR activities in India

CSR is not a new concept to MNCs that have been carrying out CSR activities in India for quite some time now. However, CSR was not a familiar concept to most Indian companies prior to the enactment of the Companies Act, 2013. The act has brought about sweeping changes to the laws governing the corporate sector in India. Several novel concepts have been incorporated in the Companies Act.

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Corporate Social Responsibility (CSR) is a concept that suggests that it is the responsibility of the corporations operating within society to contribute towards economic, social and environmental development that creates positive impact on society at large.

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