GREEN ECONOMY: A STRATEGY FOR SUSTAINABLE DEVELOPMENT

Abstract

India is a Republic Country of South Asia; it is the seventh largest country by area, the second populous country with over 1.2 billion people and the most populous democracy in the world. Since 1991, India accepted the LPG Policy and became one of the fastest growing major economies and since then, it has been facing many environmental problems and issues. Thus, there is the need for using alternative model of development known as green economy. The concept of green economy is being discussed in recent decade for achieving sustainability in inclusive growth and development of respective area of countries of the world. The present article is conceptual in nature constructed to understand the need and importance for adoption of green economy as one of the strategy for sustainable development. India is facing the problem of coexistence of the conventional economic growth strategy and piecemeal efforts to make the economy ready to mitigate and adapt to the climate change issues. The article helps on finding that the existing production and consumption system can not make the development a really sustained and sustainable one.