An Analytical Review of Recent CSR Practices and their Role in Social Upliftment in India.

Abstract

Corporate Social Responsibility (CSR) has emerged as a key tool for companies to contribute
to the social and economic development of the communities they operate in. This paper
provides an analytical review of recent CSR practices in India and their role in social
upliftment. The study examines the CSR activities of a range of Indian companies, including
both private and public sector enterprises, across various sectors such as healthcare,
education, environment, and skill development. The paper critically evaluates the impact of
CSR initiatives on various stakeholders, including employees, communities, and the
environment. The study finds that while there is a growing trend of companies engaging in
CSR activities in India, the impact of these initiatives on social upliftment is often limited due
to various challenges such as inadequate implementation, lack of monitoring and evaluation,
and insufficient stakeholder engagement. The study also identifies some successful CSR
models that have led to significant social impact and recommends that companies adopt such
best practices to ensure that their CSR initiatives lead to social upliftment. Overall, this paper
highlights the need for companies to adopt a strategic and sustainable approach to CSR and to
prioritize stakeholder engagement, impact assessment, and transparency to ensure that their
CSR initiatives contribute effectively to social upliftment in India.