Green Growth in India: Balancing Economic Development with Environmental Sustainability
DOI:
https://doi.org/10.36676/j.sust.sol.v1.i3.17Keywords:
Sustainability, Environmental Sustainability, Economic Development, Green GrowthAbstract
Rapid economic growth in India has resulted in major urbanization, industrialization, and the growth of the middle class, but it has also seriously impacted the environment by causing pollution, deforestation, and a rise in greenhouse gas emissions. The idea of "Green Growth" has gained importance in addressing these issues by advocating for a development strategy that strikes a balance between the requirements of the economy and environmental sustainability.
The term "green growth" is an economic approach that aims to increase economic output while protecting the environment and maintaining natural resources. The focus is on "decoupling" economic growth from environmental deterioration, which permits economic growth to occur without the corresponding increase in pollution and depletion of resources. This strategy calls for implementing sustainable industrial and agricultural practices, increasing energy efficiency, and encouraging clean and renewable energy sources. Green Growth also requires strong policy frameworks that support sustainable practices and incentivize green investments.
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