Green Finance in India: Catalyzing Economic Growth through Sustainable Investments and Public Perception Analysis

Green finance has emerged as a critical mechanism for reconciling economic development with environmental sustainability objectives, par-‎particularly in the context of global climate commitments. This study examines the evolving landscape of green finance in India, analyzing its ‎key instruments, regulatory framework, and public perception. The study evaluates how socio-demographic factors influence public aware-‎ness and acceptance of green financial instruments. Primary data were collected through a structured questionnaire administered to 215 ‎respondents in Bihar, India, using convenience sampling with stratified representation across demographic categories. The survey instrument ‎demonstrated strong internal reliability (Cronbach's α = 0.800). Statistical analysis employing independent sample t-tests and one-way ‎ANOVA revealed that while age, gender, occupation, and income do not significantly differentiate green finance perceptions, educational ‎attainment and residential location (urban versus rural) emerge as significant determinants of awareness and acceptance levels. These findings suggest that targeted financial literacy initiatives and localized awareness campaigns are essential for broadening green finance participation. Policy implications emphasize the need for regulatory standardization, enhanced public education, particularly in rural areas, and ‎coordinated multi-stakeholder efforts to mobilize green investments toward India's climate goals‎.