Green Bond: The New and Desirable Means of Sustainable Development With Special Reference to India

Abstract

In India, the fiscal and monetary context has probable to be very helpful to start green finance, like green bonds. In addition to fulfilling their traditional duty of fostering economic growth, Green Bonds can provide an alternative way to finance established sustainable projects. Green bonds are becoming more and more prevalent as options for people and organizations watching to participate in environmentally conscious projects. These bonds have gained magnetism in India in prevailing period as India attempts to diminish its carbon footmark and evolution to supplementary supportable financial system. The article examines the change of investors as well as The Government of India's perception and viewpoint towards the green bond. A big change is observed, and the entire world is trying to develop and promote environment-protected infrastructure. The second purpose of this article is to produce some fruitful suggestions to the GOI regarding developing a substantial market for green financing just like the normal share market.