A Study on Green Finance in India

This study examines the rapidly evolving landscape of green finance in India, focusing on its growth, challenges, and potential impact on sustainable economic development. The research analyses key trends in various sectors of green finance, including the green bond market, ESG investments, renewable energy financing, and electric vehicle adoption. Key findings reveal significant growth in India's green bond market, peaking at $6.8 billion in 2021, with renewable energy dominating 62% of proceeds. ESG assets under management have more than tripled from 2020 to 2024, reaching INR 9,753 crore. The renewable energy sector has seen substantial expansion, with total capacity reaching 125.1 GW by 2023. Electric vehicle sales have grown exponentially, particularly in the two-wheeler segment.