GREEN FINANCE AND SUSTAINABLE INVESTMENT MODELS FOR SUMMIT 2047: MOBILISING CAPITAL FOR A SUSTAINABLE INDIA
Keywords:
Green Finance, Sustainable Investment, Green Bonds, ESG, Sustainable Economic DevelopmentAbstract
Green finance has become a strategic mechanism for mobilising capital towards environmentally sustainable and socially responsible development. This study examines the role of green finance and sustainable investment models in supporting India's vision of Summit 2047 by promoting sustainable economic growth and environmental sustainability. A quantitative research design was adopted, and primary data were collected from 40 finance professionals, institutional investors, and banking experts using a structured questionnaire. The data were analysed using descriptive statistics, Pearson correlation, and regression analysis in SPSS. The findings revealed favourable perceptions towards green finance, with a mean score of 4.16, while sustainable economic development (Mean = 4.08) and environmental sustainability (Mean = 4.12) also recorded high scores. Correlation analysis indicated a strong positive relationship (r = 0.734), and regression results confirmed a significant positive effect of green finance on sustainable development (β = 0.734, p < 0.001; R² = 0.539). The study recommends strengthening green financial instruments, ESG investments, and policy support to mobilise capital for achieving India's sustainable development goals by 2047.
References
I. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2022). Multivariate Data Analysis (9th ed.). Cengage Learning.
II. Pallant, J. (2020). SPSS Survival Manual: A Step by Step Guide to Data Analysis Using IBM SPSS (7th ed.). McGraw-Hill Education.
III. Field, A. (2024). Discovering Statistics Using IBM SPSS Statistics (6th ed.). Sage Publications.
IV. Abhilash, A., Shenoy, S. S., & Shetty, D. K. (2022). A state-of-the-art overview of green bond markets. Cogent Economics & Finance, 10(1), 2135834.
V. Azhgaliyeva, D., Kapoor, A., & Liu, Y. (2023). Policy support in promoting green bonds in Asia. Climate Policy, 23(7), 864–879.
VI. Bhatnagar, S., Sharma, D., & Ramachandran, M. (2024). Green finance and investment index for assessing scenario of selected countries. Green Finance, 6(2), 215–240.
VII. Bhatnagar, S., Sharma, D., & Ramachandran, M. (2025). Green finance and investment in India: Unveiling enablers and barriers. Journal of Cleaner Production.
VIII. Fu, C., Lu, L., & Pirabi, M. (2023). Advancing green finance: A review of sustainable development. Digital Economy and Sustainable Development, 1, Article 20.
IX. Jain, K., Gangopadhyay, K., & Ghosh, S. (2024). Prospects and challenges of green bonds in renewable energy financing: A systematic review of selected Asian economies. Journal of Sustainable Finance & Investment, 14(2), 363–391.
X. Maltais, A., & Nykvist, B. (2020). Understanding the role of green bonds in advancing sustainability. Journal of Sustainable Finance & Investment, 11(3), 233–252.
XI. Rahman, M. H., Rahman, J., Tanchangya, T., & Esquivias, M. A. (2023). Green banking initiatives and sustainability: A comparative analysis between Bangladesh and India. Research in Globalization, 7, 100184.
XII. Buchner, B., Naran, B., Padmanabhi, R., Stout, S., Strinati, C., Tolentino, R., Wakaba, G., Zhu, Y., & Meattle, C. (2024). Global Landscape of Climate Finance 2024. Climate Policy Initiative.
XIII. Climate Bonds Initiative. (2025). Sustainable Debt Global State of the Market 2025. https://www.climatebonds.net
XIV. Government of India. (2025). Economic Survey 2025–26. Ministry of Finance, Government of India.
XV. Organisation for Economic Co-operation and Development. (2024). OECD Business and Finance Outlook 2024: Financing Climate and Sustainable Development. OECD Publishing.
XVI. Securities and Exchange Board of India. (2023). Business Responsibility and Sustainability Reporting (BRSR): Guidance and Disclosure Framework. SEBI.
XVII. United Nations. (2023). The Sustainable Development Goals Report 2023. United Nations.
Downloads
Additional Files
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 International Educational Journal of Science and Engineering
This work is licensed under a Creative Commons Attribution 4.0 International License.
