Abstract

When India is making a transformational progress, GDP is growing at the rate of 8-8.5 percent per annum, sensex is reaching new heights every day, world is looking at us as one of fastest emerging economies of world. Shall we assume that our society is also progressing at the same rate as the economy is growing or there is a gap between economic vs social progress of the country. If society is progressing at the same pace as the economy is growing then it is a very healthy sign but if there is a mismatch between the two then it would be very grave situation since it may widen the gap between the different strata of society. When most societies are wrestling with an acceleration and intensification of social change, there is a revolution of rising expectations. But how this change will happen. There are various measures to bring about such changes in the form of war, revolution or planned way. But in India we believe in democracy, rationality and progress. But question arises whether the initiatives taken by government for social upliftment is sufficient or private players should also contribute or government, corporate and citizen’s together act for this change. This paper is an attempt to answer such critical questions. An attempt would be made to find economic vs. social progress and will try to suggest how Corporate Social Responsibility can contribute. Paper would also try to highlight the existing examples of owning social responsibilities by corporate and how they have benefited through it.