Green Finance in India: Progress and Challenges

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Abstract

This paper deals with the developments in green finance in India as well as globally. Variety of data sources have been used to assess both the extent of public awareness and financing options for green projects. The findings conclude that while there have been improvements in the public awareness and financing options in India, a reduction in asymmetric information through better information management systems and increased coordination amongst stakeholders could pave a way towards a greener and sustainable long term economic growth.