Towards a sustainable future: Exploring the benefits and challenges of a green economy transition in India

As the world is evolving with technological advancement, climate, politics, and economics, there are some interconnected practices that balance environmental and social objectives for the benefit of nature, citizens, and business enterprises. In this journey of sustainability we come across the term “Green Economy” which is an economic model that gives full attention to human well-being and social equity success by reducing environmental risks and ecological scarcity. The definition of the green economy con be stated as the practice of sustainable development through the support of public and private investment with the purpose of creating infrastructure that fosters social and environmental sustainability. The importance of the green economy cannot be underestimated, since it tries to promote a more sustainable and low-carbon economy. In addition, it ensures that natural capital continues to provide the resources and environmental services for our continued wellbeing. The study of green economy and sustainable development has gained importance in recent times due to its importance in the development and growth of society. The green economy is taken to be a vivid and ideal model of sustainable development, especially economic development, as it affects all aspects of life. Its concept has emerged lately due to its importance in reducing the manifestations of poverty and destitution in raising the standard of living for the population and ensuring their welfare. The present paper attempts to have a more complete understanding of the transition into the green economy and its challenges and implications for sustainable development. This paper points to inclusive strategies for balancing economic growth with environmental sustainability so as to equitably distribute benefits of this transition across societies.