Public vs. Private Sector CSR in India: A Study of Educational Initiatives and their Impact

Abstract

Today's business climate and stakeholders' increased expectations necessitate effective CSR initiatives that yield bigger returns. In addition to the government, investors, and consumers, the community also emerges as a significant stakeholder, as they grant the company the necessary license to function. The businesses already know that to continue operating, they must continue to meet the needs of the communities that surround them. Effective CSR initiatives help businesses recruit, retain, and inspire staff members. By improving their standard of living, raising their income, and helping them become corporate citizens, CSR practices help the community. Through the encouragement of the private sector to get more involved in social missions, corporate social responsibility serves as a means of advancing ethical business practices. Using a small sample of organisations, the article aims to demonstrate CSR practices in the public and private sectors in the Indian setting. The company's yearly sustainability reports provide reported information that is used as a secondary source of information for the research. According to the findings, private sector businesses are investing more in CSR and community service, and they are doing so in a more strategic way than public sector organisations, which primarily concentrate on meeting the needs of the community based on issues.