Ethical Means of Development and the Rhetoric of Social Responsibility of the Corporate Sector in Post-LPG Period in India
Bikash Nath* and Dipak Kumar Sarma
Abstract
In India of the Post-Reforms there has been a vertical mobilization of the resources both natural and machine based production. There is the organized and to a large extent restless methods of competition among the corporate for occupation of the market has been ensued to attract the consumers in different parts of the country but at the cost of grave ethical hazards to the present and future of the generations. For which the Corporate Responsibility has been forwarded as the basic policy of disciplining the conducts of the big industrial corporations who have controlled about 12% of India’s GDP in 2011 and in a recent report of 2024 it has been estimated that the top five hundred companies had a combined valuation of $3.8 trillion that actually exceeded India’s total GDP of $3.5 billion as of 2023. To do business through proper ethical practices which does mean the greater sense of consciousness towards the plight of the poor as well as in making efforts in providing the ample scope of deliverance of a proper mechanism of sustainable development. The paper would look into the context of ethical functioning of the context of business and the conditions of the corporate responsibility with proper scientific methodologies.
