Since Indian economy is in developing stage so its various industries like agriculture, telecommunication and infrastructure development too are in growing stage. Things changed in 1991 with India embracing globalization, opening its economy gates for the whole world, allowing multinational companies to work in our nation and putting their money in India’s core  sectors. With international corporations entering the fray, there was a significant increase in competitions among firms in India. Each corporation put their best forward to succeed. Profit maximization became the mantra of corporations across the nation. This phase also witnessed rise in literacy rates and growing awareness among consumers. All these changes brought forward a very important concept of corporate social responsibility and each corporation claims to be very serious about this. In this article, we will carry out a detailed analysis of CSR in our country and what is its contribution towards social and economic growth of our nation? We will also study the importance of CSR.

KEYWORDS:  Corporate Social Responsibility; Globalization; Industrial Growth.