CSR Initiatives and Sustainable Development Goals in the Indian Pharmaceutical Sector: A Comprehensive Analysis

Abstract

This research presents a comprehensive analysis of CSR initiatives undertaken by Organizations in the Indian Pharmaceutical Sector and their contribution to sustainable development. Structured into five chapters, the study begins with an introduction covering key definitions, CSR activities in India and the SDGs. The literature review evaluates few sources, including various research works from reputed journals, and various newspaper articles, identifying gaps in existing studies. The research methodology details the research process, including respondent nature, sample size, variables, and statistical tools used for data analysis. From the SPSS software primary data of 500 respondents has been analysed, with statistical tests such as ANOVA, F-test, and Chisquare applied to draw meaningful insights. The findings, conclusions, and recommendations are systematically presented, offering practical suggestions to enhance CSR practices. In a vibrant fusion of corporate generosity and strategic vision, a study highlights the impactful saga of CSR in the fiscal year 2023- 24. A sum of `19 crores, contributed by 7,000 Organizations, has significantly advanced 15 of the 17 Sustainable Development Goals (SDGs). Crucial areas like skill development, poverty eradication, Environment and healthcare have become the battlegrounds where these Organizations strive to forge a sustainable future. This research not only celebrates the current achievements but also offers a blueprint for enhancing the effectiveness of CSR initiatives, ensuring they remain a cornerstone in the quest for a better world.