India Sustainable Finance Market Size & Statistics 2033

India Sustainable Finance Market Size, Share, Trends and Forecast by Investment Type, Transaction Type, Industry Vertical, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30768

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India Sustainable Finance Market Overview:

The India sustainable finance market size reached USD 567.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,336.30 Million by 2033, exhibiting a growth rate (CAGR) of 15.20% during 2025-2033. Government policies and environmental, social, and governmental (ESG) regulations are positively influencing the India sustainable finance market share. Besides this, rising green bonds and loans, increased investor demand and international funding are expanding capital inflows, accelerating India’s shift towards a low-carbon economy.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 567.50 Million
Market Forecast in 2033	USD 2,336.30 Million
Market Growth Rate 2025-2033	15.20%

India Sustainable Finance Market Trends:

Rising Infrastructure Investments

The government is prioritizing sustainable infrastructure projects including renewable energy, smart cities, and electric vehicle (EV) charging networks. These projects require substantial funding, catalyzing the demand for green bonds and sustainability-linked loans. Financial institutions are expanding green finance offerings to support eco-friendly infrastructure projects across various sectors. Public-private partnerships (PPPs) are facilitating large-scale sustainable infrastructure development with long-term financing solutions. International investors and development banks are providing capital for sustainable infrastructure projects in India. Renewable energy infrastructure such as solar and wind farms, is attracting significant sustainable investments. Green buildings and energy-efficient urban infrastructure are becoming key focus areas for sustainable finance initiatives. Sustainable transportation projects like metro expansions and electric buses, are enhancing green finance adoption. The shift toward climate-resilient infrastructure is encouraging banks to develop innovative sustainable financing mechanisms. Recognizing the need for long-term funding, in 2024, SBI raised ₹10,000 crore through an infrastructure bond issue at a 7.70% coupon rate for 15 years. The funds would support large-scale infrastructure projects, strengthening India’s sustainable finance market and enhance investor confidence. The issue witnessed strong demand, with bids exceeding ₹21,045 crore, highlighting faith in India’s infrastructure growth and economic resilience. Policy support and corporate sustainability goals are further aligning with green finance to strengthen the India sustainable finance market growth.

India Sustainable Finance Market Size

Growth of Green Bonds and Loans

The increasing number of green bonds and loans is significantly influencing the India sustainable finance market outlook. Corporates and financial institutions are increasingly issuing green bonds to finance renewable energy and sustainability projects. Green loans are supporting eco-friendly initiatives including water conservation, energy efficiency, and low-carbon infrastructure development. Government policies and regulatory frameworks are encouraging the issuance of green bonds to fund sustainable initiatives. The Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) are promoting green finance instruments. Investor demand for sustainable investments is increasing, supporting capital inflows into green bonds and sustainability-linked loans. International financial institutions are strengthening India’s green bond market by investing in certified sustainable projects. In June 2024, British International Investment (BII) and Symbiotics Investments jointly launched a $75 million Green Bond Fund to support India’s clean energy transition. The fund would finance clean transportation, renewable energy, green buildings, and energy efficiency, focusing on micro, small and medium enterprises (MSME) lenders. This initiative aimed to expand green lending and climate-focused investments, strengthening India’s sustainable finance market. Renewable energy developers are raising funds through green bonds for wind, solar, and hydroelectric power projects. Infrastructure companies are utilizing green loans to finance climate-resilient projects and carbon reduction initiatives. Additionally, sustainable finance instruments are reducing financial risks while improving long-term social and environmental benefits. The expansion of sustainable bonds and loans is accelerating India’s shift toward a low-carbon economy.

India Sustainable Finance Market Segmentation

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on investment type, transaction type, and industry vertical.

Investment Type Insights:

Equity
Fixed Income
Mixed Allocation

The report has provided a detailed breakup and analysis of the market based on the investment type. This includes equity, fixed income, and mixed allocation.

Transaction Type Insights:

Green Bond
Social Bond
Mixed-Sustainability Bond

A detailed breakup and analysis of the market based on the transaction type have also been provided in the report. This includes green bond, social bond, and mixed-sustainability bond.

Industry Vertical Insights:

Utilities
Transport and Logistics
Chemicals
Food and Beverage
Government
Others

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes utilities, transport and logistics, chemicals, food and beverage, government, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Sustainable Finance Market News

In March 2025, Standard Chartered issued a €1 billion social bond to support sustainable development in emerging markets, with 57% of funds allocated to India. The bond will finance SMEs, healthcare, and education, promoting inclusive economic growth. This initiative strengthens India's sustainable finance market by improving credit access and social infrastructure investments.
In December 2024, Shriram Finance launched Shriram Green Finance to support sustainable solutions, funding electric vehicles (EVs), renewable energy products, battery charging stations, and energy-efficient machinery. The company aimed for an AUM of ₹5,000 crore in 3-4 years, initially focusing on Karnataka, Kerala, Delhi NCR, and Maharashtra, strengthening India's sustainable finance market and green investments.

India Sustainable Finance Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Investment Type Transaction Type Industry Vertical Region
Investment Types Covered	Equity, Fixed Income, Mixed Allocation
Transaction Types Covered	Green Bond, Social Bond, Mixed-Sustainability Bond
Industry Verticals Covered	Utilities, Transport and Logistics, Chemicals, Food and Beverage, Government, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India sustainable finance market performed so far and how will it perform in the coming years?
What is the breakup of the India sustainable finance market on the basis of investment type?
What is the breakup of the India sustainable finance market on the basis of transaction type?
What is the breakup of the India sustainable finance market on the basis of industrial vertical?
What is the breakup of the India sustainable finance market on the basis of region?
What are the various stages in the value chain of the India sustainable finance market?
What are the key driving factors and challenges in the India sustainable finance market?
What is the structure of the India sustainable finance market and who are the key players?
What is the degree of competition in the India sustainable finance market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India sustainable finance market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India sustainable finance market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India sustainable finance industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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