Green Finance and Sustainable Economic Development: Analysing Budget 2025 Initiatives in India
Year: 2025
Type: article
Abstract: Green finance plays an important role in fostering sustainable economic growth by integrating environmental considerations into financial decision-making. This paper investigates the fundamental components of green finance, such as green bonds, green securities and regulatory frameworks. It presents a concise overview of the Green Finance provisions outlined in India’s Budget 2025, emphasizing government initiatives, financial incentives, and policy measures designed to advance environmental sustainability. The study also examines the challenges associated with implementing green finance initiatives, including regulatory obstacles, financial limitations, and the involvement of stakeholders. Furthermore, it evaluates the alignment of India’s Budget 2025 with the priorities set forth by the United Nations Environment Programme (UNEP) regarding Green Finance, evaluating how well global sustainability standards and climate commitments are integrated into national policies. The findings aim to highlight the effectiveness of India’s green finance strategies and propose policy recommendations to enhance financial sustainability and environmental resilience.
Author: Kirtani, Girish
Institution: D.Y. Patil University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6930739296
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