Sustainable Economic Development in India: Nexus Between Financial Globalization and Economic Growth

Abstract

 Sustainable economic growth is an essential foundation for India’s long-term development and success. As one of the largest economies in the world, India confronts the twin imperatives of continued rapid economic growth and the challenges of climate degradation and social inequities [1]. With more than 50% of its population relying on sectors such as agriculture, the high enormous risks that India faces due to Climate Change accentuate the need for making sustainability an intrinsic part of its development strategy [2]. Countries’ commitment to the United Nations Sustainable Development Goals (SDGs) also emphasizes the need for a balanced approach that integrates economic, environmental, and social considerations.[3].