Firms need to take a more active role and be responsible about environment, communities and the ethics they use in their policies and practices

In the past 10 months or so, one of the top priorities for India has been to figure out ways to make it easy for people and firms who want to do business in the nation to conduct their transactions and go about their work.

It is believed that the growth of the Indian economy (expected to be at 7.5% in 2015) will also usher in a better quality of life for its citizens. However, we have seen that economic growth does not always mean a better life for all citizens—India’s development status is a case in point. On the Human Development Index released by the United Nations Development Programme, India ranks 135 out 187 nations. Among BRICS nations, it has the lowest rank (Brazil ranks 79, China 91, Russia 57 and South Africa 118)............Read more

Source: livemint