Scribd Logo
Upload

Welcome to Scribd!

  • 60 views

    Sustainable Development Goals

    Uploaded by

    Abhijeet Nagpal
    This document discusses sustainable development in India and the challenges of financing sustainable development goals. It outlines various sources of development financing in India including public, private, international, and domestic sources. Some of the major challenges to financing sustainable development goals in India are a lack of implementation of policies, an inefficient tax system, inadequate staff, and the large financial requirement compared to current contributions. The document recommends strengthening public and private entities, creating a clear investment strategy, combating illicit financial flows, and investing more in green financing to help address these challenges.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Sustainable Development Goals

    Uploaded by

    Abhijeet Nagpal
    60 views15 pages
    This document discusses sustainable development in India and the challenges of financing sustainable development goals. It outlines various sources of development financing in India including public, private, international, and domestic sources. Some of the major challenges to financing sustainable development goals in India are a lack of implementation of policies, an inefficient tax system, inadequate staff, and the large financial requirement compared to current contributions. The document recommends strengthening public and private entities, creating a clear investment strategy, combating illicit financial flows, and investing more in green financing to help address these challenges.

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses sustainable development in India and the challenges of financing sustainable development goals. It outlines various sources of development financing in India including public, private, international, and domestic sources. Some of the major challenges to financing sustainable development goals in India are a lack of implementation of policies, an inefficient tax system, inadequate staff, and the large financial requirement compared to current contributions. The document recommends strengthening public and private entities, creating a clear investment strategy, combating illicit financial flows, and investing more in green financing to help address these challenges.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    60 views15 pages

    Sustainable Development Goals

    Uploaded by

    Abhijeet Nagpal
    This document discusses sustainable development in India and the challenges of financing sustainable development goals. It outlines various sources of development financing in India including public, private, international, and domestic sources. Some of the major challenges to financing sustainable development goals in India are a lack of implementation of policies, an inefficient tax system, inadequate staff, and the large financial requirement compared to current contributions. The document recommends strengthening public and private entities, creating a clear investment strategy, combating illicit financial flows, and investing more in green financing to help address these challenges.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 15

    FINANCING SUSTAINABLE DEVELOPMENT Abhijeet Nagpal (20173033),

    GOAL AND ITS CHALLENGES: A CASE STUDY


    Muskan Garg (20173049) ,
    ON SUSTAINABLE DEVELOPMENT IN INDIA
    Noor Puliani (20173057)
    Introduction
    • Keywords: Sustainable Developments Goals, Green Initiatives, India’s sustainable development, Challenges to
    sustainable development, Developing Finance institutions, Official development assistance.

    • The study is descriptive in nature and is based on secondary data

    • What is sustainable development? Why is it necessary?

    • Drastic climate change, increased carbon footprint, awareness about the threat to the environment

    • SDGs are a shared blueprint of prosperity for the people and the planet

    • Main Focus: ending poverty, reduction of inequality, improvement of health and education facilities, promotion of
    economic growth and tackling climate change

    • Financing Climate change and sustainable development efforts

    • overall investment of 1.5-3.8 trillion USD.


    Objectives of the Case Study

    • Aims to understand and layout various development financing and sustainable


    development initiatives taken by various parties in India.

    • Trend of financing and investment

    • Main challenges to development and growth of SDGs and sustainable development


    Introduction
    • Importance of Topic

    • There is a large financial gap in meeting the requirement for achieving SDGs by 2030

    • India faces a shortfall of USD 8.5 trillion over 15 years

    • Paper Structure

    • Classification of sources of development finance into public, private, international and


    domestic

    • Identifying the challenges for their mobilisation

    • Identifying areas of opportunity and recommendations to increase financing


    Threat of Climate Change to India

    • Indian aspirations: $5 trillion economy

    • Erosion of human capital, infrastructure and natural capital.

    • Key Target areas: agriculture, fisheries, water resources, infrastructure

    • $206 Billion investment along with additional $2.5 trillion investment to strengthen
    other key areas
    Literature Review: key points
    • Volz (2018): In Asia compared to total managed asset accounts only 0.8% was used in
    socially responsible investments

    • Kumar: Role of banks in SDGs should be higher

    • Banga (2018) and Goel (2016) spoke of the need for green financing and incorporating
    sustainable models of development

    • An increased focus needs to be on sustainable and environmental friendly models

    • Criticism: Much of the research talks about the need to incorporate these into development
    but doesn’t go much into understanding the development inititives taken by India
    Financing Sustainable Development
    • Four components of Development Finance (ICESDF)

    • Domestic finance

    • International finance

    • Public finance

    • Private finance

    • By estimates, achieving the target of SDGs require mobilising an additional $2.5


    trillion per year
    The Case of India

    • Developing Country: Huge financial requirements, Key areas: infrastructure,


    energy, transport, telecommunications, water and sanitation, education and health
    projects

    • Where does development finance come from?

    • Developed Nations: less than 40% being funded by governments and the private
    sector contributing more than 50% of financing needs

    • Developing Nations: 70% of the funding comes from the government, 20% from
    private players and 10% from multilateral development banks.
    The Case of India
    • Public Development Efforts

    • 5 year plans

    • NITI Ayog

    • Government initiatives and programmes

    • Taxation

    • Role of Private Sector

    • More since 2013


    The Case of India
    • PPP programs: Analysis and problems? One of the largest globally.

    • International Private Finance (FDI)

    • NGOs, Philanthropy, non-profits

    • Official Development Assistance flows tapering

    Source:World Development Indicators (2019)


    Challenges faced in India regarding financing SDGs in regards to SDGs
    and its financing.
    • Global financial requirement to achieve global goals - USD 90 trillion

    • Contribution made by India - USD 960 billion annually

    • Financial shortage faced by India - USD 8.5 trillion

    • Public finance alone would not be adequate, private finance available will not be adequate.

    • Growth in total fund for the development sector increased by 9% in last five years.

    • The government of India is the largest contributor but the total funding is declining.

    • 2011 to 2016 - Private sector is increasing by 15%


    Barriers that hinder financial flows.

    • Systematic Weakness - Panchayats Raj Institutions and Municipal Corporations


    leads to poor absorption of funds.

    • Lack of implementation of policies and schemes

    • Lack of reliable sources to measure the impact of Policies and Schemes

    • Inefficient tax system in India

    • Inadequacy of staff

    • Burden to fund for developing green technology


    Recommendations
    • Strength of public and private entities

    • Clear and transparent investment strategy

    • Not stay limited to domestic investors, find


    more foreign investors

    • Combat illicit flows like tax evasion

    • Invest in green financing

    Source: World Bank 2018


    Conclusion
    • The paper highlights the need of SDGs and sustainable development in India and
    developing countries

    • It talks about the need for collective action and joint efforts

    • It talks about the loss to human and capital resource due to climate change and
    degradation provide more than enough reasons to invest in green financing and
    sustainable development projects and investments.

    • It also highlights the various sources of SDG financing in India and the main Challenges
    associated with it

    • Finally, it offers the main recommendations and findings


    References
    • Alam Khan, J. (2019). Challenges in Implementation of Sustainable Development Goals in India - CBGA India. CBGA India.
    Retrieved 7 April 2020, from http://www.cbgaindia.org/blog/challenges-implementation-sustainable-development-goals-india/.

    • Bhamra, A. (2015). Achieving the Sustainable Development Goals in India A Study of Financial Requirements and Gaps. Retrieved 7
    April 2020, from https://www.devalt.org/images/L3_ProjectPdfs/AchievingSDGsinIndia_DA_21Sept.pdf.

    • Cochu, A., Glenting, C., Hogg, D., Georgiev, I., Skolina, J., Eisinger, F., & Chowdhury, T. (2016). Green Finance: A Step towards
    Sustainable Financial System. European Comission.

    • David, M. (2018). Sustainable Development Goals (SDGs)-Challenges for India. Indian Journal Of Public Health Research &
    Development, 9(3), 1. https://doi.org/10.5958/0976-5506.2018.00172.9

    • Development Finance in India C. P. Chandrasekhar Pg 12

    • Government of India: Economic Survey 2015-16-Chapter 8, February 2016.


    https://www.indiabudget.gov.in/budget2016-2017/es2015-16/echapvol2-08.pdf

    You might also like