THE IMPACT OF ENVIRONMENTAL CONSCIOUS LOGISTIC IN INDIA: AN EMPIRICAL ANALYSIS

Abstract The study investigates the interplay between environmentally friendly supply chains, energy demands, and socio-economic factors within the Indian context from 2007 to 2023. It highlights the growing importance of green logistics in supply chain management, particularly in response to environmental concerns and the urgent need to reduce carbon emissions. Employing comprehensive statistical analysis, the study underscores the necessity of implementing legislative measures to facilitate India's transition toward sustainable economic growth. The methodology, which includes descriptive statistics to assess central tendencies, variability, skewness, and kurtosis, along with unit root tests confirming the stationarity of time series variables post-differencing, enhances predictive accuracy. Granger causality tests reveal significant causal relationships among various economic variables, shedding light on their interdependencies. Regression analysis further elucidates the impact of green logistics on energy demand, economic stability, and environmental factors in India. Data for this study were sourced from the Worldwide Input-Output Database (WIOD, 2019) for the specified period. Policy recommendations emphasize the promotion of clean energy sources, the establishment of emissions standards, investments in sustainable infrastructure, stakeholder collaboration, and the integration of financial incentives aligned with climate goals. Additionally, the development of legal frameworks to encourage the adoption of eco-friendly logistics practices and the promotion of educational initiatives aimed at engaging both industry stakeholders and the general public are advocated. Collectively, these strategies could help India reduce transportation emissions, enhance sustainability, and contribute to global climate objectives, fostering a cleaner energy environment.