Earlier this year India became the first country to mandate corporate social responsibility by law in an effort to share the cost of development with the many companies growing fat on its economic rise.
The government first estimated CSR spending could top $3.3 billion, exciting development actors who saw a significant source of new funding.
But more than seven months after the ambitious rules came into force, implementation is slow and officials are slashing spending estimates because companies don’t expect to meet their targets in the first year.
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About the author
Alys Francis
Alys Francis is a freelance journalist covering development and other news in South Asia for international media outlets. Based in India, she travels widely around the region and has covered major events, including national elections in India and Nepal. She is interested in how technology is aiding development and rapidly altering societies.
