📷 Image: Wikimedia Commons / Augustus Binu : flickr
Business
MCA Emphasises ESG as Key to India's Economic Competitiveness
✍️ ET CFO
🗓 18 Jul 2026, 08:24 AM
👁 4
The Ministry of Corporate Affairs (MCA) has highlighted that ESG‑led responsible business conduct is essential for boosting India’s economic competitiveness, according to a statement released to ET CFO.
The Ministry of Corporate Affairs (MCA) has issued a statement underscoring the importance of Environmental, Social and Governance (ESG) practices for India’s economic growth. In the communication, the MCA described ESG‑led responsible business conduct as a key driver of the country’s competitiveness on the global stage.
The ministry’s remarks come amid growing international focus on sustainable business models. By encouraging firms to adopt ESG frameworks, the MCA aims to align Indian companies with global standards and attract foreign investment.
The statement was released to the business news outlet ET CFO, signalling the government’s intent to integrate ESG considerations into corporate regulation and oversight.
While the MCA did not provide specific implementation guidelines, it reaffirmed its commitment to promoting responsible business practices across all sectors of the Indian economy.
The ministry’s remarks come amid growing international focus on sustainable business models. By encouraging firms to adopt ESG frameworks, the MCA aims to align Indian companies with global standards and attract foreign investment.
The statement was released to the business news outlet ET CFO, signalling the government’s intent to integrate ESG considerations into corporate regulation and oversight.
While the MCA did not provide specific implementation guidelines, it reaffirmed its commitment to promoting responsible business practices across all sectors of the Indian economy.