IMPACT AND PROPRIETY OF GREEN FINANCE: INDIAN PERSPECTIVE

Requirements of human race and our planet are becoming eventually contradictory. But, serious efforts have also been started for the sake of future sustainability. Infrastructure and projects have been making feasible in terms of environmental issues. Norms for eco-friendly products and buildings are continuously mounting for paving the way towards sustainable economies. As a result of this, the concept of green finance has emerged as an innovative and unique phenomenon. This article underlines the introductory and theoretical background of green finance, policy and regulatory framework and its propriety at both national and international levels. Major initiatives and positive and negative scenarios on green finance have also been discussed by the author. Revisiting of existing literature, reports and data present some sort of improvement in the related field and gradually rising public awareness. Additionally, some suggestions have also been recommended in this attempt along with discussing the future prospects. Improvised pattern of management information system (MIS) and superior synchronization among authorities and stakeholders may lead towards long term sustainable economic escalation of the nation. Operationally sound and economically viable policies and strategies can pave the way for prospective and sustainable cost-effective benefits. In a nutshell, green finance is emerging as an international priority for every economy.