Law, Ethics and Spirtuality
Title:- Corporate Social Responsibility: Impact of Globalization in India
Abstract
Globalization is a free economy concept, which enables local manufacturers to compete at international level, which usually helps them to increase their area of transaction. But if we look into the Indian scenario, this has an adverse impact, as most of our production is done by farmers or local manufacturers, which are not as equipped as the multi-national giants outside India. This restrains them from competing in the international commodity market which subsequently lead us to cases like death of farmers due to starvation, suicide and provide India with the disability of poverty and unemployment. The paper intends from Indian corporate giants to perform their corporate social responsibility towards poor people, by promoting them and by providing them sufficient means so that they can also compete with their competitors outside India and be able to co-op with the existing system of globalization.
Key words: Globalization, Poor People, Corporate Social Responsibility, International Commodity Market, Local Manufacturers
Introduction:
Corporate Social Responsibility (CSR) is often referred to as Business Responsibility and an organizational response on environmental, social and economic issues. Basically it is a social regulation integrated into a business model. CSR provides a responsibility on the company’s action by encouraging a positive impact on the environmental, social, communal, consumer and stakeholder’s interest in the public sphere.
In this paper the author intends to establish a relation in CSR of Indian Corporate society and the impact of Globalization in India, with specific reference to its impact on Farmers, Small scale producers, unemployed graduates etc. and the responsibility of Indian co\ponies towards them.
The concept of globalization has a wide impact on the Indian economy, as in
Abstract
Globalization is a free economy concept, which enables local manufacturers to compete at international level, which usually helps them to increase their area of transaction. But if we look into the Indian scenario, this has an adverse impact, as most of our production is done by farmers or local manufacturers, which are not as equipped as the multi-national giants outside India. This restrains them from competing in the international commodity market which subsequently lead us to cases like death of farmers due to starvation, suicide and provide India with the disability of poverty and unemployment. The paper intends from Indian corporate giants to perform their corporate social responsibility towards poor people, by promoting them and by providing them sufficient means so that they can also compete with their competitors outside India and be able to co-op with the existing system of globalization.
Key words: Globalization, Poor People, Corporate Social Responsibility, International Commodity Market, Local Manufacturers
Introduction:
Corporate Social Responsibility (CSR) is often referred to as Business Responsibility and an organizational response on environmental, social and economic issues. Basically it is a social regulation integrated into a business model. CSR provides a responsibility on the company’s action by encouraging a positive impact on the environmental, social, communal, consumer and stakeholder’s interest in the public sphere.
In this paper the author intends to establish a relation in CSR of Indian Corporate society and the impact of Globalization in India, with specific reference to its impact on Farmers, Small scale producers, unemployed graduates etc. and the responsibility of Indian co\ponies towards them.
The concept of globalization has a wide impact on the Indian economy, as in