The Principles, Strategies for Green Economy in India: An Overview

Mallikarjun Gadad and M Ravi Kumar
Additional contact information
Mallikarjun Gadad: Kuvempu University
M Ravi Kumar: Kuvempu University

Shanlax International Journal of Economics, 2023, vol. 12, issue 1, 64-68

Abstract: Creating a green economy is now a top objective for sustainable development across the globe. Employment opportunities and improved living conditions have resulted from India’s rapid economic growth over the last decade. The growth of urban areas is a global phenomenon, particularly in developing countries like India. By 2030, cities are expected to be home to 60 percent of the world’s population, according the United Nations. Ninety percent of the world’s rural population resides in Asia. Nonetheless, urbanisation is on the rise and is projected to reach 56% by the year 2050. The Green Economy may improve employment opportunities, GDP growth, resource conservation, social cohesion, and disaster preparedness. Green economics provide cause for optimism in the face of climate change and unsustainable economic expansion. A green economy has gained favour as a solution to global warming, biodiversity loss, and unsustainable economic expansion in recent years. Can you define “green economy†for me? Forests, water, soil, and fish supplies are all examples of natural capital that are valued and invested in by a green economy in order to assure long-term growth and eradicate poverty. It requires redirecting public and private investments towards natural capital and emerging sectors and technology, with the help of supportive policy shifts and enabling conditions. There is no such thing as a “trade-off†between progress in the economy and protection of the environment. Growth, income, and employment are all bolstered by a green economy.

Keywords: Green Economy; Sustainable Development; Status; Features; Benefits; Strategies; Principles; Government Initiatives (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.shanlaxjournals.in/journals/index.php/economics/article/view/6783 (text/html)
https://www.shanlaxjournals.in/journals/index.php/ ... ticle/view/6783/6337 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acg:journl:v:12:y:2023:i:1:p:64-68

DOI: 10.34293/economics.v12i1.6783

Access Statistics for this article

Shanlax International Journal of Economics is currently edited by M.Chitra

More articles in Shanlax International Journal of Economics from Shanlax Journals Madurai, Tamil Nadu, India.
Bibliographic data for series maintained by S.Lakshmanan ().