India requires $1.3 trillion for green initiatives by 2030
India needs a whopping $1.3 trillion in green and sustainable funding by 2030 to hit its climate targets, says a new report.
Cement and steel alone will take up half that amount, while private investors are expected to chip in with fresh, innovative ways of funding big projects.
India's green bond market has grown by 186% since 2021
Since 2021, India's green, social, and sustainability (GSS) bond market has grown by 186%, reaching nearly $56 billion by the end of 2024.
Most of this comes from green bonds—think investments for clean energy or eco-friendly projects—with the US dollar and rupee leading as preferred currencies.
What is the government doing?
The government has helped boost this market by issuing eight sovereign green bonds since last year, attracting more investors and making it easier to fund climate solutions.
Meanwhile, banks and NBFCs are getting creative—pooling things like rooftop solar or electric vehicles into bundles that can be financed together—all backed by policies pushing for a greener future.