Assistant Professor, Management, School of Business Studies, Vivekananda Institute of Professional Studies, GGSIP University, Delhi AU Block, Outer Ring Road, Pitampura, Delhi-34
Online published on 25 April, 2019.
With India being placed at the 4oth spot among 137 countries around the world, at the World Economic Forum's Global Competitiveness Index (GCI) 2017–18, it has put focus on our drivers of productivity and prosperity. Even though we have slipped to one position down since 2016, we still are the most competitive among the South Asian countries.
We have progressed in the areas of infrastructure, higher education, and technology. All these sectors come under the gambit of Corporate Social Responsibility, which really makes it important that the corporate houses pay their part of attention in arenas so that we are able to climb up the ladder fast and firmly.
Therefore with the fast changing, competitive and global environment, every corporate sector has to function for thesociety because they are, in fact, a part and parcel of that society. In this respect, every business has anobligation to the society that extends beyond its narrow obligation to its owner or shareholders. Such anobligation throws light on the concept of Corporate Social Responsibility (CSR).
In this paper, by takingvarious corporate aspects, it has been examined how and in what manner every corporate sector has respondedto the emerging concept of “Corporate Social Responsibility (CSR)” in the light of the global competitiveness.
