IJ
IJCRM
International Journal of Contemporary Research in Multidisciplinary
ISSN: 2583-7397
Open Access • Peer Reviewed
Impact Factor: 5.67

International Journal of Contemporary Research In Multidisciplinary, 2026;5(1):272-278

Environmental Sustainability and Economic Transformation: Evidence from India’s Green Economy Initiatives

Author Name: Dr. M Dillip Anand;   Dr. M Mahalakshmi;  

1. Assistant Professor, PG & Research Department of Economics, Presidency College, (Autonomous) Chennai, Tamil Nadu, India

2. Assistant Professor, Department of Economics, A.V.C. College (Autonomous), Mannampandal, Mayiladuthurai, Tamil Nadu, India

Paper Type: research paper
Article Information
Paper Received on: 2025-11-20
Paper Accepted on: 2025-12-25
Paper Published on: 2026-01-26
Abstract:

India, one of the fastest-growing economies in the world, is at a critical juncture where sustainable development and environmental stewardship have become central to its growth trajectory. The transition towards a green economy represents both an urgent necessity and a promising opportunity for the country. This paper explores India’s transformation towards a low-carbon, resource-efficient, and socially inclusive growth model, highlighting the key challenges and opportunities involved. Challenges include the heavy reliance on fossil fuels, the complexity of balancing rapid urbanization with ecological conservation, technological gaps, and the financial burden of green investments. At the same time, opportunities arise from India’s abundant renewable energy potential, government initiatives such as the National Green Hydrogen Mission and solar energy expansion, private sector participation, and global collaborations supporting green finance and innovation. The study emphasises that while policy frameworks and technological interventions are essential, success ultimately depends on inclusive governance, behavioral change, and strong institutional mechanisms. The findings suggest that India’s green transition, if strategically implemented, can not only reduce carbon emissions but also generate employment, improve energy security, and ensure long-term economic resilience.

Keywords:

Sustainable Development; Green Economy; Low-Carbon Growth; Renewable Energy; Green Hydrogen; Environmental Governance; Climate Change Mitigation; Inclusive Growth; Green Finance; India

How to Cite this Article:

Dr. M Dillip Anand,Dr. M Mahalakshmi. Environmental Sustainability and Economic Transformation: Evidence from India’s Green Economy Initiatives. International Journal of Contemporary Research in Multidisciplinary. 2026: 5(1):272-278


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