Corporate Social Responsibility and Economic Responsiveness in India

Since the early 2000s corporate social responsibility (CSR) has rapidly gained significance in India both among large companies and as a policy instrument formally intended to foster corporate contributions to the countrys development goals. This book analyses this phenomenon in relation to broader political and economic changes induced by Indias pro-business development strategy. Using a systems-theoretical approach the analysis shows that pro-business policies have led profit-driven economic processes to increasingly override collective aspirations for social welfare environmental protection and democracy. In order to decipher how CSR changes the interplays between profit-making and developmental aspirations the book provides detailed analyses of CSR in the cement industry and in regulatory policies adopted by the central government. It shows that CSR operates as an intermediary institution which further enhances the autonomy of the economic system as it makes profit-making more responsive to risks arising from competing collective values and interests.