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India's Green Economy: A $1.1 Trillion Future by 2047
21 Dec
Summary
- Green economy projected to be a $1.1 trillion market by 2047.
- Emerging green sectors could create 48 million jobs.
- Investment opportunities worth $4.1 trillion are anticipated.
India aims to become a developed and resilient nation by 2047, with a green economy identified as a crucial driver for this transformation. Analysis highlights 36 emerging green value chains across energy transition, circular economy, and bioeconomy, collectively poised to shape a new economic frontier for the country.
This low-carbon growth pathway is anticipated to generate significant economic benefits, with projections indicating a $1.1 trillion market value, employment for 48 million people, and attracting $4.1 trillion in investments by 2047. Shifting towards cleaner energy, scaled circular production, and nature-based industries will foster new markets and sustainable jobs nationwide.
To realize this potential, strategic measures are recommended. These include enhancing economic viability, securing raw materials, accelerating innovation, upskilling the workforce, promoting women's employment and entrepreneurship, and improving standardization. A coordinated national approach involving government and industry is essential for mainstreaming green growth.
