Climate Change, SDGs & Issues Facing Indian Economy

Climate Change, SDGs & Issues Facing Indian Economy

Climate Change, SDGs & Issues Facing Indian Economy

Climate Change and Sustainable Development Goals (SDGs)

Climate change and the Sustainable Development Goals (SDGs) are central to today’s global development discourse. SDGs, adopted by all United Nations Member States in 2015, aim to end poverty, protect the planet, and ensure prosperity by 2030.

Core Elements of Sustainable Development

  • Economic Growth: Promoting inclusive and sustained economic progress.
  • Social Inclusion: Ensuring equal access to opportunities, rights, and resources for all.
  • Environmental Protection: Managing natural resources responsibly and addressing climate change.

Global Issues and Initiatives

Global challenges such as climate change, biodiversity loss, inequality, and pollution threaten sustainable development. Initiatives like the Paris Agreement, UN’s SDGs, and climate finance mechanisms support countries in their sustainability efforts.

India’s Progress in SDGs and Climate Change

India has made substantial progress in achieving SDGs, especially in areas like renewable energy, health, sanitation, and poverty reduction. Some key initiatives include:

  • Climate Action: Expansion of solar power under the International Solar Alliance (ISA).
  • Clean Energy Goals: India aims for 500 GW of non-fossil energy capacity by 2030.
  • Swachh Bharat Mission: Sanitation drive that contributed to better hygiene and reduced disease burden.
  • Jal Jeevan Mission: Focused on providing clean drinking water to rural households.

Corporate Social Responsibility (CSR) Activities

CSR plays a vital role in achieving sustainable development. Indian companies actively contribute to social and environmental causes through:

  • Education and skill development programs
  • Healthcare and sanitation projects
  • Environment-friendly technologies and afforestation efforts
  • Gender equality and rural upliftment initiatives

Issues Facing the Indian Economy

Poverty Alleviation

India has made progress in reducing poverty, but a significant population still lives below the poverty line. Key initiatives like MGNREGA and PM Awas Yojana have improved livelihoods, but long-term structural reforms are essential.

Jobless Growth

While India’s GDP has grown steadily, job creation has not kept pace. Automation, informal employment, and low labor force participation among women are major concerns.

Rising Inequalities

Wealth and income inequality have widened, particularly between urban and rural populations and across different states. Access to quality education, healthcare, and employment opportunities remains uneven.

Migration and Pressure on Resources

Rural-to-urban migration continues due to lack of rural employment and infrastructure. This puts excessive pressure on urban services like housing, transportation, and healthcare.

Pandemic Situations

The COVID-19 pandemic exposed the vulnerabilities in health infrastructure and the informal economy. It led to job losses, reverse migration, and widened existing inequalities.

Possible Remedies

  • Strengthening social safety nets and targeted poverty alleviation programs
  • Promoting labor-intensive industries and MSMEs to generate employment
  • Investing in health, education, and rural infrastructure
  • Encouraging sustainable urbanization and better migration policies
  • Implementing inclusive and green economic recovery strategies post-pandemic

Conclusion

India stands at a crucial juncture where addressing economic challenges and environmental concerns simultaneously is essential. With the right policies and responsible action from all stakeholders—including government, industry, and citizens—India can build a resilient and sustainable future.


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    An overview of Indian Economy

    Chapter NumberPAPER I – INDIAN ECONOMY & INDIAN FINANCIAL SYSTEM
    MODULE A: INDIAN ECONOMIC ARCHITECTURE
    1. An Overview of the Indian Economy: Evolution, Structure & Key Milestones
    2. Economic Planning in India: A Complete Overview,Sectors of the Indian Economy
    3. Role of Priority Sector and MSME in the Indian Economy
    4. Infrastructure including Social Infrastructure
    5. Globalisation – Impact on India
    6. Economic Reforms
    7. Foreign Trade Policy, Foreign Investments and Economic Development
    QandAs/MCQs 1 Q and A - An Overview of the Indian Economy: Evolution, Structure and Key Milestones
    QandAs/MCQs 2Q&As- Economic Planning in India – Short Questions and Answers
    QandAs/MCQs 3 MCQs- Sectors of the Indian Economy – Important Questions
    QandAs/MCQs 4 MCQs- Role of Priority Sector and MSME in the Indian Economy
    QandAs/MCQs 5MCQs – Infrastructure, Globalisation, and Economic Reforms
    QandAs/MCQs 6 MCQs – Foreign Trade, Investments & International Economic Organizations
    QandAs/MCQs 7 MCQs – Climate Change, SDGs, and Indian Economic Issues
    MODULE B: ECONOMIC CONCEPTS RELATED TO BANKING
    MODULE C: INDIAN FINANCIAL ARCHITECTURE
    MODULE D: FINANCIAL PRODUCTS AND SERVICES

    Tags: Climate Change, SDGs, Sustainable Development, Indian Economy, Poverty Alleviation, Jobless Growth, CSR Activities, Economic Inequality, Urban Migration, Pandemic Economy

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