Abstract

Green Accounting in Indian Companies For Quintessential Viksit Bharat 2047

Sandhyarani Sirimalla, Prof. Ravi Akula

Volume: 15 Special Issue: 5 2025

Abstract:

Viksit Bharat, India's ambition to become a developed country by 2047, will be achieved by developing all sectors and involving everyone, including the youth. The government's goal, Viksit Bharat 2047, is to make the nation a wealthy and self-sufficient economy by that year. The program's criteria include social empowerment, infrastructure development, economic growth, technical advancement, and sustainability. Eliminating environmental variables will not make any nation an ideal developed nation. Ecological preservation and economic growth coexist in a Viksit Bharat. The aim is to build a robust, inclusive, and environmentally friendly future for future generations. This effect can be quantified through green accounting. Green accounting. incorporating environmental factors into economic decision-making, this method guarantees sustainable development and considers the depletion of natural resources. An economic system known as "Green Accounting," or "Environmental Accounting," integrates the value of natural resources and environmental services into national and state-level financial statements. This paper tries to go through the various measures of green accounting strategies taken by Indian public sector undertakings and private companies for the protection of the environment, apart from the motive of profit-gaining, which received a rating in the CDP report. A qualitative technique has been employed to offer comprehensive insights and examine the intricacies of the problem.

DOI: http://doi.org/10.37648/ijrssh.v15i05.018

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