• India’s Green Economy 2047 Forecast


• 48 million green jobs will be created


• Opportunities worth billions across 36 sectors in India

India Green Economy: According to new and independent research launched today by the Council on Energy, Environment and Water (CEEW), India could collectively attract US$ 4.1 trillion in green investment, roughly ₹ 360 lakh crore, resulting in the creation of 48 million (4.8 crore) full-time equivalent (FTE) jobs. This analysis shows that in 2047, India can create an annual green market of US$ 1.1 trillion approximately Rs 97.7 lakh crore.

This unique national assessment has identified 36 green value chains in energy transition, circular economy and bio-economy and nature-based solutions, which together offer significant green economic opportunities for India’s move towards a ‘Developed India’. A green economy is thought to mean only promoting solar panels and electric vehicles. But, the research points to vast opportunities in bio-based materials, agroforestry, green construction, eco-friendly tourism, circular manufacturing, value-creating industries from waste, and nature-based livelihoods, which could develop into billion-dollar sectors over the next two decades each and promote resource security and sustainability.

Maharashtra’s energy transition and environmental circularity policy initiatives now include a Rs 500 crore urban wastewater recycling policy, a Rs 173 crore ecotourism investment and a Rs 3.3 lakh crore investment required for renewable energy expansion by 2030, marking India’s largest green development pipeline.

The Green Economy Council (GEC) was also launched at the seminar. Chairman of this group Mr. Amitabh Kant and other eminent leaders of India were also present in this seminar. The seminar was aimed at helping India identify emerging green economic opportunities and capitalize on those opportunities.

Jayant Sinha, Chairman of Everstone Group and Eversource Capital and former Union Minister of State, Government of India, said, “India’s green transition is truly positive, it can create millions of jobs, accelerate development, improve public health, and strengthen national security by leveraging domestic energy sources.”

Expressing his views at the launch, former G20 and GEC Chairman Shri. Amitabh Kant said, “As India moves towards a $3 trillion economy, we cannot afford to emulate Western development models. Most of our infrastructure is still not built, leaving us with cities, industries and supplies to ecological circularity, clean energy and the bioeconomy. It’s a unique opportunity to design chains.”

Many of the sectors identified in these value chains are no longer specialized. Engineered bamboo is already being used in flooring and building materials, seaweed is becoming feedstock for bio-stimulants and biopolymers, and state-level land is being used for agroforestry. India needs to take full advantage of these opportunities.