Businesses have a large impact on the nourishment of countries
and their people. In order for businesses to be successful in
their operations, it is important for them to take into account
all of their stakeholders – not only as consumers but also as
contributors to the business. Thus, inclusive growth – which
stems from the belief that there is a direct correlation between
business success and the social, environmental and economic
prosperity of all communities and countries – plays a very
crucial role in business accomplishments. In line with this,
ethical business, social responsibility, and sustainable
development are a few more of the intertwined concepts that have
been making rounds of the international business sector. The
recognition of the importance of inclusive growth in India has
led to a larger amount of resources being invested in it. In
addition, encouragement from the government in the form of the
National Voluntary Guidelines on Social, Environmental and
Economic Responsibilities of Business