CSR law flawed, India needs inclusive growth: US professor Aneel Karnani

There is no attempt by the government nor the press to even attempt to measure the outcomes

In order to ensure accountability and better enforcement to strengthen the corporate social responsibility (CSR) and compliance management, the government had introduced a Bill last month to amend the Companies Act to restructure provisions about unspent funds for CSR and impose penalty on firms and officials not adhering to these provisions. Aneel Karnani tells Aditi Phadnis how the law is fundamentally flawed, and why India needs not just economic but inclusive development. Edited excerpts: 

The number of firms complying with CSR has increased year after year and latest data suggests 90 per cent firms registered in India are now CSR