Transforming India into a Developed Nation: Enhancing Environmental Sustainability for a Viksit Bharat

Abstract

India’s journey toward becoming a Viksit Bharat (developed nation) is intricately linked to its ability to integrate environmental sustainability into its growth trajectory. This paper explores the role of environmentally sensitive industries such as cement, chemicals, mining, power generation, textiles, steel, and pulp and paper in India’s development. These industries, while crucial for the country’s economic progress, contribute significantly to environmental degradation. This study examines the environmental sustainability practices of 120 companies operating in these sectors, evaluating their efforts in emissions reduction, resource management, energy efficiency, waste reduction, and biodiversity conservation. Through a comprehensive analysis of the companies' sustainability practices, this paper identifies gaps in their approaches and suggests pathways for improvement. It emphasizes the need for stronger regulatory frameworks, improved corporate governance, and industry-specific sustainability strategies to enhance India’s environmental performance. Ultimately, the paper proposes actionable recommendations for integrating sustainability into the core of India's development vision.