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Economic growth and development of any country majorly depend on its economic activities. Economic activities involve production and distribution of goods and services by an individual/organization to satisfy the needs and wants of clients with the intention of making profits. These activities are mainly dependent on finance which acts as a backbone of an economy of any country. But, mere economic development without maintaining sustainability component goes in vain. Hence, the economic development with the concern on environment is considered to be sustainable economic growth. In this regard, finance sector in the recent past has made an attempt of adopting this sustainability philosophy in their business activities globally. Environmental concern adopted by finance sector is coined as Green Finance. Thus, green finance is an innovative measure of financing investment projects which are involved in producing products which are supporting environment or the projects which eliminate harm to the environment. This also includes investment in stocks, bonds and mutual funds of companies whose operations directly or indirectly environment friendly. This research article is descriptive in nature which is carried out with the intention of elaborating on the different types of initiatives adopted by finance sector under green financing in order to ensure sustainable economic growth of the country. It is also intended to discuss the recent trends, challenges and future prospects for green financing in the present competitive economy which is aiming towards achieving high results at the cost of spoiling environment and distracting the nature.
Keywords:
Green financing, Environment, Economic growth, India
Cite Article:
"Green Financing Practices in India: An Overview", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 12, page no.b501-b507, December-2025, Available :http://www.ijrti.org/papers/IJRTI2512158.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator