In Vedanta, business is viewed as legitimate and an integral part of society, but essentially it should create wealth for the society through the right means of action. “Sarva loka hitam” in the Vedic literature refers to “wellbeing of stakeholders”. This means an ethical and socially responsible system must be fundamental to all business undertakings. 11.
More recently, as was the case with other developing economies, the era of globalisation and privatisation of the 1990s witnessed increased capital investment with asset creation through new economically viable projects, production of more goods and services, widening market outreach from local to regional to national and even global levels. The attendant adverse impact of wider industrialisation on environment was also a focus.