Introduction
In this context, the adoption of sustainable strategies by Indian companies becomes crucial not only for mitigating environmental risks but also for creating long-term opportunities for social and economic progress. This article emphasizes the significance of promoting sustainable business practices in India and highlights several compelling statistics that demonstrate the transformative impact of sustainability. By embracing sustainable solutions, businesses can contribute to the conservation of resources, reduction of climate change risks, and drive economic growth and social progress.
Climate change and environmental degradation
Extreme weather events, record-high temperatures, and the depletion of natural resources serve as stark reminders of India's vulnerability to the effects of climate change. This vulnerability was confirmed by the Global Climate Risk Index 2021, which ranked India seventh among nations most affected by climate-related catastrophes between 2000 and 2019. Adopting sustainable practices offers some optimism by significantly aiding in mitigating the adverse consequences of climate change. Emphasizing the extensive use of renewable energy sources becomes a key pathway to a sustainable future for India. By working towards its ambitious goal of achieving 450 GW of renewable energy capacity by 2030, India can significantly reduce carbon emissions and dependence on fossil fuels. Embracing solar, wind, and other renewable energy sources not only combats climate change but also promotes the growth of a greener, more robust energy industry, ensuring a sustainable and reliable energy supply for the country.
Bu hikaye BUSINESS ECONOMICS dergisinin June 1 - 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye BUSINESS ECONOMICS dergisinin June 1 - 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
