IMPACT OF CORPORATE SOCIAL RESPONSIBILITY PRACTICES ON ECONOMIC PERFORMANCE OF TEXTILE MANUFACTURING FIRMS IN INDIA: AN EMPIRICAL ANALYSIS

Abstract

 The study examined how Corporate Social Responsibility practices affect the economic results of textile manufacturing companies in India through empirical research methods. The study employed primary data from 1200 participants who were surveyed in four important textile production regions: Maharashtra, Gujarat, Tamil Nadu, and Karnataka. The researchers used a structured questionnaire to gather data, which achieved reliability through a high Cronbach's Alpha score of 0.889. The research findings demonstrated strong model fit according to the 0.780 result, while the statistical results confirmed that CSR practices directly affect economic performance. The study discovered that social performance creates a stronger effect than economic performance because companies value social responsibility practices that indirectly boost their financial results. The researchers rejected the null hypothesis and accepted the alternate hypothesis because they proved that CSR practices lead to improved economic performance. The analysis discovered different economic performance levels among states, with some states showing better economic results than others.