Exploring Prospects for Innovation in India's Financial System via Green Financing

Author(s)	Dr. Neetu Singh
Country	India
Abstract	Green financing (GF) allows countries to foster economic growth while promoting environmentally sustainable practices through innovative advancements in the financial sector. This concept warrants examination in countries like India. The paper evaluates the potential of GF in India. Findings reveal a predominant focus on renewable energy within India's green financing landscape, followed by the construction and transportation sectors. However, the growth of green bonds, a key financial instrument, is hindered by their low credit rating. To foster the development of GF, a collaborative effort among government bodies, financial institutions, policymakers, private sector entities, and non-governmental organizations is imperative for market expansion and risk mitigation.
Keywords	green finance, renewable energy, green economics, green bonds
Field	Sociology > Banking / Finance
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-07-06
Cite This	Exploring Prospects for Innovation in India's Financial System via Green Financing - Dr. Neetu Singh - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.24278
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.24278
Short DOI	https://doi.org/gt3xkx

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research