THE SYMPHONY OF IMPACT: EVALUATING CSR-BASED SKILL DEVELOPMENT IN INDIA

Abstract

Amidst India's burgeoning economy, CSR-based skill development initiatives paint a promising picture of empowered individuals and enhanced employability. Yet, beneath this optimistic facade lie geographical imbalances, sectoral biases, and limited long-term support for marginalized communities. Drawing on diverse studies, this review unpacks the complex landscape of these initiatives, revealing strengths in skill acquisition and improved employment but also highlighting discordant notes like inadequate reach beyond urban areas and formal sectors. Alignment with social learning and human capital theories has been analysed, identifying gaps in fostering soft skills and digital literacy. Comparisons across sectors, target groups, and program designs further illuminate disparities. Recommendations for policymakers, practitioners, and researchers focus on expanding program reach, tailoring to underserved communities, promoting industry collaboration, and integrating digital technologies. While limitations like study accessibility and nuances within specific programs are acknowledged, future avenues for research are suggested, emphasizing long-term impact assessments, career trajectories, and comparative analyses. Navigating the challenges and addressing knowledge gaps hold the key to composing a more harmonious symphony of progress, where CSR-based skill development truly empowers individuals and fosters inclusive economic growth in India.

Keywords: Corporate Social Responsibility, CSR, Skill Development, Vocational Training, Employability.