Author: Khushi Jain & Deep Chakraborty
DOI Link: https://doi.org/10.70798/Bijmrd/03080006
Abstract: The idea of a sustainable environment, originating from “Environia,” highlights the importance of maintaining ecological balance amid increasing carbon emissions and climate change. Human activities play a significant role in this warming, driving global efforts toward sustainability. The Indian Union Budget significantly influences environmental sustainability. The Indian environmental technologies market, valued at $23 billion, is expected to grow due to challenges related to air and water pollution. Key regulations, such as the Wildlife Protection Act and Plastic Waste Management Rules, shape this sector. This paper examines these relationships and their implications for sustainable development. From 2015 to 2024, the Indian Union Budget’s allocations have focused on initiatives like clean air, renewable energy, wildlife conservation, and urban sanitation. Significant investments have been made in green technologies, environmental regulations, and programs like Project Tiger and Project Elephant. The budget also emphasizes clean transportation, including electric vehicles and urban rail systems. The analysis highlights the evolving priorities and financial commitments of the Indian government in addressing climate change and achieving environmental sustainability. The 2024-25 Interim Union Budget showcases progressive climate action with initiatives such as rooftop solarisation and biomass aggregation. India’s commitment to clean transportation, green energy, and biodiversity conservation marks significant progress. However, further efforts in sustainable infrastructure and community participation are crucial.
Keywords: Indian Financial Budget; Sustainable Development Goal; Environmental Growth; Environmental Economy.
Page No: 39-49