India Sets Higher Bar for Responsible Business Than Global Peers

India is setting a new benchmark for responsible business conduct, with expectations soaring above global standards. A recent survey reveals that 89 percent of Indians demand responsible practices from companies, a call for accountability that surpasses the global average. This heightened awareness among Indian consumers reflects a growing trend where ethical considerations are becoming integral to business success. Despite these high expectations, there is a perceived gap in delivery. Only 78 percent of Indians believe that organizations are visibly meeting the standards they set. This discrepancy highlights a significant challenge for businesses operating in India: the need to align their practices with the ethical demands of their stakeholders. Companies are under pressure to enhance transparency, sustainability, and social responsibility to bridge this gap. The implications of these findings are profound, suggesting a shift in the business landscape where consumer expectations could drive change. As India continues to evolve as a major economic player, businesses are being called to not only meet but exceed these expectations to maintain credibility and competitiveness. The emphasis on responsible business practices is not just a moral imperative but also a strategic necessity in the Indian market.

— Authored by Next24 Live