India Needs To Ensure That Investments Made In Economy Are Sustainable In Terms Of Low Carbon Emission

Rajasree Ray, Economic Adviser, Ministry of Finance, Govt of India, today said that India, which is aiming for $5 trillion economy by 2024-25, needs to ensure that investments made in the economy are sustainable in terms of low carbon emission. Speaking at 'India-UK Dialogue: Supercharging Sustainable Finance in India', organised by FICCI in collaboration with UK's Foreign & Commonwealth Office', the City of London and Climate Bonds Initiative, Ray said that sustainable finance is no longer in the margins of discourse, but serious effort is being made to mainstream it. The challenge is not only to mobilise resources and invest in various segments of the economy including infrastructure but to ensure that these investments are going to be sustainable particularly consistent with low carbon and sustainable development pathway, she noted.

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