LEADING THE WAY: INDIA'S GREEN TRANSITION AND GLOBAL LEADERSHIP

AS 2025 unfolds, India stands at a defining moment, asserting its role as a resilient economic leader and an emerging global hub. This is underpinned by a steadfast commitment to green growth and sustainable development -the key drivers for environmental health and long-term economic stability. Notably, India aims to be net zero by 2070, having pledged to achieve 50 per cent cumulative electric power installed capacity from non-fossil sources by 2030. The country ranks fourth globally in renewable energy capacity, supported by a 36.5 per cent CAGR in solar over 11 years.

- PANEESH RAO, Chief Sustainability Officer, LTIMindtree

India is steadfast in its ambition to achieve the status of a developed nation by 2047. Focused government spending, significant investments, and an upsurge in exports power India's economic engine. Critical reforms in taxation, infrastructure advancement, financial inclusion and production-linked incentives have established a robust foundation for sustainable growth.

Nearly 70 per cent of India's GDP is driven by domestic consumption, which remains the world's fourth-largest consumer market. However, as the nation achieves these economic milestones, it must simultaneously address the pressing challenges of climate change and environmental A greener, more sustainable approach underpins India's vision for 2025, manifesting in multiple facets of governance, industry and societal behaviour. India's commitment to the Paris Agreement is evident through its Nationally Determined Contributions (NDCs). These outline actionable strategies, including significant budgetary allocations towards non-fossil electricity, introducing a vehicle scrapping policy, issuing green bonds, and launching initiatives like the Lifestyle for Environment (LIFE) program, which embeds sustainability into daily life. Further, developing a green taxonomy underscores India's intent to provide a structured framework for sustainable economic activities.

Need for Collaborative Efforts

India's journey toward green growth highlights the need for collective action across sectors. Businesses, policymakers and industries must collaborate to drive impactful change through the following measures.