The Effect of Environmental Policies on Economic Growth in India

Author(s): Dr. Prasad V

Abstract:

India’s environmental policies in 2024 reflect the nation’s commitment to sustainable development, as the government implements measures to reduce carbon emissions, enhance renewable energy adoption, and improve air quality. Key policies, including the National Solar Mission, National Green Hydrogen Mission, and National Clean Air Programme (NCAP), aim to foster a greener economy while supporting economic growth. This paper examines the impact of these environmental policies on economic growth, focusing on job creation, industrial innovation, and the challenges of transitioning to a green economy. The findings suggest that while environmental policies offer long-term economic benefits, they also pose short-term challenges such as regulatory bottlenecks, high transition costs, and social inequality. Effective implementation and support for vulnerable communities are critical for maximizing the benefits of these policies.

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Pages: 36-39     |    3 View     |    0 Download