International Journal For Multidisciplinary Research

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The Role of Green Finance in Promoting Industrial Innovation and Decent Employment in India

Author(s) Mr. Sunil Raghupati Hegde, Mr. Rishabh Bajaj, Mr. Rishav Raj Sah, Mr. Garv Pandey, Mr. Himanshu Chaudhary
Country India
Abstract The Viksit Bharat 2047 vision documents of India put sustainability, technological innovation, and inclusive development at the centre of its developmental path. In this context, green finance has been a key tool by directing the capital to the sectors that are environmentally friendly and enhancing economic growth in the long run. In this paper, the writer examines how green finance can affect industrial innovation, and how it can create decent jobs in India. The study will utilize a descriptive-analytical methodological approach based on the secondary text of reports by RBI and SEBI on sustainable finance, statistics of the World Bank, and the international research on sustainable finance. The findings show that the development of green financial instruments, such as green bonds, ESG investments, and climate-oriented lending in India, has grown at an unprecedented rate supported by the well-developed regulatory frameworks. Such mechanisms have significantly increased the renewable energy project, uptake on clean-technology and up-skilling of industries.

The analysis also highlights the fact that green finance has helped in the establishment of stable and skilled jobs in the solar and wind energy sector, electric mobility, sustainable infrastructure and waste management. These green jobs not only increase the number of jobs, but also provide quality employment, in terms of skills training and long-lasting economic stability. The report concludes the idea that green finance is an engine in strategic transformation of industries in a way of sustainable growth, innovation-oriented growth, and employment inclusion. Its alignment with the long term development goals of India makes it possible to designate green finance as an essential pillar in the development of a robust, developed Indian economy by 2047.
Keywords Green Finance, Industrial Innovation,Green Jobs,Sustainable development,Viksit Bharat 2047.
Field Business Administration
Published In Volume 8, Issue 2, March-April 2026
Published On 2026-03-29
DOI https://doi.org/10.36948/ijfmr.2026.v08i02.72479
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