Sustainable Economic Development for a Progressive Society
by Jenica Carly SEO, SEM, PPC, Enthusiast & WriterA successful economic development strategy must focus on improving the
skills of the area’s workforce, reducing the cost of doing business and making
available the resources business needs to complete and thrive in today’s global
development – Rod Blagojevich
This is perhaps the best definition of a successful and sustainable
development plan for today’s world. It is perfect for the current situation in
India as India is slowly moving towards the right direction – that of economic
development. However, the biggest challenges that India is facing at this point
of time are internal issues like the ever increasing population, lack of proper
infrastructure, healthcare, poverty, gender bias and illiteracy.
The Road to Economic Development
The most important step for the overall growth of India is a robust
economic plan. It is extremely vital that India follows a sustainable economic
development module of business. Thankfully the Indian corporate structure has
adapted the Corporate Social Responsibility Module which works towards a
sustainable environment and economic cause.
Though both ecological and economic sustainability are extremely
important for the growth of the nation, economic sustainability is an extremely
important initiative. The biggest challenge at the moment is tackling the
problem of illiteracy because education has the power to resolve most of these
issues. An educated society is the foundation of sustainable economic
development.
The CSR structure has developed a few initiatives towards the
development of the Indian economy. Though the major aim of these initiatives is
to bring about awareness about various sustainability measures in the society,
economic development initiatives across the country are an important agenda.
These initiatives are developed under the Corporate Responsibility and
the main aim of the same is as follows.
·
To
attain economic stability, which will help in the overall development of the
society
·
To
create job opportunities in the society, so the local youth can benefit from
the same
·
To
promote the invention of methods that encourages a sustainable ecosystem for a
sustainable society.
·
Raising
funds and donating towards social causes like illiteracy, healthcare,
infrastructure, sanitation etc, especially for the underprivileged members of
the society.
·
To
maintain a proficient revenue and tax system which can help improve the
infrastructure within the region and promote other social causes like quality
education and free healthcare drives for senior citizens.
These initiatives under the corporate responsibility module help in
improving the social living conditions, especially for the underprivileged and
also help in overall improvement within the society. The main aim of these initiatives
is practicing and supporting economic sustainability. Since corporates and big
businesses have a major clout, raising funds for such social causes becomes
much easier for them.
The good thing is these initiatives are not just restricted anymore to just
big businesses and corporates. Even small business owners have started adapting
CSR initiatives as it raises their brand value and also provides their business
with a distinct identity. In respect to the competition, small businesses with
CSR initiatives get a competitive edge. Due to this, small and big business and
the Indian corporate sector are all contributing towards the sustainable
development of the society.
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information on: Sustainable Economic Development & Corporate Responsibility
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Created on Dec 31st 1969 18:00. Viewed 0 times.