India Inc's spending on CSR hit the fast lane in FY24

NSE-listed companies witnessed a significant 15.7% surge in CSR spending in fiscal year 2024, fueled by robust profit growth. CSR expenditure reached ₹17,967 crore, with the top 10 companies, including HDFC Bank, Reliance Industries, and TCS, contributing 34% of the total. Experts suggest revising CSR thresholds upwards, considering the substantial increase in companies' average net profit since the regulation's inception.