CSR Spending Witnessed 16% Rise in FY 23-2024:
CSR (Corporate Social Responsibility) spending by listed Indian companies has surged by 16% in FY 2023-24. This increase follows a period of stagnant expenditure and aligns with a rise in the average net profits of these firms. The CSR law, in effect since 2014, requires eligible companies to invest in social initiatives like education, healthcare, and environmental sustainability. However, calls have now emerged to revisit the thresholds for mandatory CSR compliance in light of the doubling of corporate profits since the law’s inception.
