In India, corporate social responsibility isn’t just a good idea. It’s now the law. In August 2013, the Indian Parliament passed a revised version of the nation’s Companies Act, and the act now requires companies of a certain size to invest 2 percent of net profits in social benefit activities. This provision, which makes India the first country in the world to mandate CSR spending, could unlock as much as $3 billion annually, creating a monsoon of opportunities to tackle issues like...

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