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Abstract
Over the past decade, the green economy has emerged as an important policy for sustainable development in both developed and developing countries. A green economy is the one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In a green economy, growth in income and employment should be driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services. The concept of a ' green economy' does not replace sustainable development, but there is a growing recognition that achieving sustainability rests almost entirely on getting the economy right. The transition to green and inclusive economies has been long deliberated both at national and global level. A broad macro level scoping reveals that the green economy transition has high potential to grow in India. However, the transition is moving slowly, and the progress made is insufficient compared to what is needed. Several definitions focuses on the aspirational ‘transformational green economy’. To enable and to track this ‘transformation’, economic and environmental measurement is essential. Current approaches are still in development, lack available data or show inconsistencies with proposed definitions, and thus may neither support effective decision-making nor efforts to transform economies. This paper aims to identify the challenges, short-comings and measures to achieve green economy in India.