2025, Vol. 6, Issue 2, Part I
A descriptive study of green finance in India: Trends, challenges, and future prospects
Author(s): Dharmender Gupta and Neetu Gupta
Abstract: Green finance has emerged as a critical tool in channeling financial resources towards sustainable development and climate goals. In the context of India, where ambitious commitments such as achieving net-zero emissions by 2070 and expanding renewable energy capacity by 2030 have been announced, green finance plays an indispensable role. This paper presents a descriptive study of green finance in India, drawing on secondary data from regulatory reports, policy documents, industry publications, and academic literature. The study highlights the growth of green financial instruments such as green bonds, green deposits, and sustainability-linked loans, while also examining the regulatory frameworks introduced by SEBI, RBI, and other institutions. Despite promising progress, challenges including the absence of a unified green taxonomy, risks of green washing, high cost of capital, limited investor awareness, and uneven participation across sectors remain significant obstacles. At the same time, opportunities such as fintech-enabled innovations, enhanced ESG disclosures, blended finance models, and global sustainable finance flows offer potential pathways for scaling up. The findings of this study underscore the need for stronger policy alignment, capacity building, and innovative financing mechanisms to bridge the investment gap and accelerate India’s transition towards a green economy.
Pages: 831-835 | Views: 286 | Downloads: 29
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How to cite this article:
Dharmender Gupta, Neetu Gupta. A descriptive study of green finance in India: Trends, challenges, and future prospects. Asian J Manage Commerce 2025;6(2):831-835.
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