INDIA’S GREEN FINANCE JOURNEY TOWARDS SUSTAINABLE DEVELOPMENT

Dr. Manjula Grover

Green Bonds, Sustainable Finance, ESG Integration, Climate Action, India, Low Carbon Economy, Green Taxonomy, Net Zero

India’s efforts to balance rapid economic growth with environmental sustainability have placed green finance at the centre of national policy and development strategy. This study explores the evolution and strategic relevance of green bonds and sustainable finance in shaping India’s path towards low-carbon, climate-resilient development. Drawing from regulatory, sectoral, and market-level data since the launch of India’s green bond market in 2015—including the pivotal issuance of sovereign green bonds in 2023—the paper analyses how financial instruments have supported renewable energy, sustainable transport, water management, and green urban infrastructure. It critically examines the roles played by the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and financial institutions in fostering ESG-aligned investment practices. The research also identifies persistent barriers, such as limited investor awareness, high certification costs, and the absence of a unified taxonomy. By comparing India’s experience with global best practices from the EU, China, and ASEAN, the study offers a forward-looking policy roadmap aimed at strengthening disclosure, expanding access, and deepening market participation. Ultimately, the paper argues that a resilient, transparent, and inclusive green finance ecosystem is essential for India to align economic growth with its climate commitments and sustainable development vision.

Published Paper   E-Certificate

"INDIA’S GREEN FINANCE JOURNEY TOWARDS SUSTAINABLE DEVELOPMENT", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 5, page no.1562-1575, May-2024, Available :https://ijsdr.org/papers/IJSDR2405207.pdf

Volume 9 Issue 5, May-2024

Pages : 1562-1575

Paper Reg. ID: IJSDR_304537

Published Paper Id: IJSDR2405207

Downloads: 000163

Research Area: Science and Technology

Country: -, -, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2405207

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2405207

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

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