Introduction

Sustainable Development means an economic growth working together with the protection and
security of environmental quality, each reinforcing one another. Sustainable development in
Indian companies comprises of different types of development schemes in social, cleantechnology (clean energy, clean water and sustainable agriculture methods) and human resources
factors, having the attention of the government and also public and private sectors.

Figure 1:Dimensions of Sustainable development in sectors

The sectors are ready to play associate degree progressively vital role within the international
quest for property development with the future. There exists a significant demand for the
exploration of recent and innovative solutions that may give welfare without a high level of
resource consumption. Addressing this demand will need approaches that look on the far side
progressive amendment and encourage corporations to get together within the formulation of the
kind of incentives required to make sure this transition.
India traditionally possesses a practice of innovation contributive to important changes, not the
smallest amount seen within the space of data technology. The country additionally possesses a
young population capable of difficult existing ideas and collaborating in international discussions
relating to property development.
English skills square measure in well endowed provide, permitting the creation of corporations in
the growing service sector that cater to purchasers everywhere the globe. Although an outsized
proportion of the Indian population sleep in poorness, the country additionally possesses a
speedily growing social class and a awfully powerful group of wealthy industrialists.
The objective of Sustainable development is to, in association with Indian corporations,develop
roadmaps that explore innovations that may move companies to some extent on the far side
progressive growth. The outcomes of this ought to be sensible tools that may be used each to
develop new product and services and to focus on the barriers that exist for corporations to
maneuver towards sustainability. A specific focus are on the suggests that by that foreign
companies and governments will support innovation in the country that contribute to globally
important resource savings.

To understand on the sustainable development practices adopted in various industries ( Power &
Energy, Petroleum and Refinery, Mining, Agribusiness sectors ) in India and integration of their
strategic programs to analyse the role and action of government, industries and other
stakeholders in getting desirable standards in sustainable development and their impact on
economic growth of the country.
Summary
Indias population is rich and abundant in diversity . To serve better these diverse consumers,
industries will need to establish a link between sustainability and diversity areas to their
customers and stakeholder agendas. The sustainable growth of the Indian economy, given the
countrys resource constraints, will be impossible without efficiencies and a sharp focus on
diversity and empowerment.
The need for good growth rate that is responsible and lastingwill only intensify as Indias
population continues to grow and expand. But for any growth, let alone good growth, can be
achieved, especially when resources are so limited. New ideas for sustainability could have farreaching benefits for Indian businesses sectors and people alike.
In India,the telecom industry lengthy jumped to cell telephony, skipping fixed-line streaming. In
fact, for the period of the first mobile auction in the country, fixed lines had been extra luxurious
than cellular bandwidth. Within the final decade, India had 50 million landlines and more than
900 million mobile-telephone subscribers. Sooner or later progress in smartphone use, as an
alternative than desktop-computer version use is predicted to force additional leaps in web
utilization. In a similar way, in IT services, India has birthed international brands including
Infosys, TCS, Wipro, and HCL. Apparently emerging from nothing, Indias IT-carrier enterprise
grew to be a US$100bn massive in simply 20 years, generating more than 70% of its revenues by
means of exports to developed markets and developing 3m jobs in the procedure. This progress
was powered generally by using the international market. Someday, Indias IT industry could
permit identical leaps in other sectors. Different industries within India have skilled smaller
winning Leaps. In healthcare, for instance, corporations including the Narayana health team and
Aravind Eye Care approach have decreased the cost of heart and eye surgical procedures by way
of operational excellence achieved from quantity pushed trade items. In the car sector, Tata
Motors as good as Mahindra & Mahindra are providing automobiles with world-class
technological know-how at aggressive costs to customers in India and abroad by way of
excelling at R&D, design, and innovation.

Figure 2: How innovations and growth over project in industries impacts the economy?
Source: Pwc analysis
We arrived on the vectors by way of assessing countries that have made gigantic progress on a
exact mission over the twenty years. To advance the 2034 objectives for each and every vector
for India, we drew insights from sector professionals, and we benchmarked comparative
countries. To demonstrate, for the earlier twenty years, per capita power consumption in India
expanded by a 100%. However, over the subsequent twenty years, this quantity will ought to
increase with the aid of 200% to deliver Indias power consumption to a degree similar to
Brazils. The enterprise views sustainability as greater than corporate social responsibility, it is
price adding. ITC is carbon-positive, water-positive and solid-waste-recycling positive, all while
aiding some 6 million livelihoods throughout India. The corporations recognized e-Chaupal
initiative provides digital infrastructure to 4 million rural farmers. Its womens Empowerment
initiative presents livelihoods to more than forty,000 rural females. These achievements, together
with 26% annual growth in shareholder returns for a few years, demonstrate that a sustainability
a main aspect to consider.

Source: World bank, government websites

Sustainable vigour development is a key aspect of a sustainable growth outlook. India has made
rapid advances in harnessing clean power and boasts of one of the crucial world's greatest
renewable energy programmes covering the entire spectrum of renewable energy technologies
for a sort of grid and off grid applications. The country has the biggest decentralised solar vigour
programme, the 2nd largest biogas and accelerated cookstoves programme, and the fifth largest
wind power programme on this planet. A sizeable manufacturing base has been created in a kind
of new and renewable sources of power, putting India now not only able to export technologies
but additionally to present technical potential to different international locations. Renewable
vigour applied sciences are an most important manner of social progress within the nation, being
an attractive, and routinely best choice to furnish vigour to non-electrified areas which can be too
far flung for grid electrification
Three economic-growth scenarios: Weve defined three possible scenarios for economic
growth for India, each and every hinging on one-of-a-kind techniques and achievements that
might come from enterprises, entrepreneurs, and the federal government and each reflecting one
more focus for investment.

Source: Oxford Economics

Scenario 1:Pushing historical approaches turbo outlines a focal point on funding in education,
wellness, and other dimensions involving human capital. Our analysis means that on this
situation, Indias GDP would see a 6.6% compound annual progress rate (CAGR) between now
and 2034.
Scenario 2:Turbocharging investment outlines the influence of fast and large investment in
physical infrastructure and envisions a 7 trillion for GDP main as much as 2034.
Scenario 3:The winning bounce involves funding in both human and physical capital (as within
the prior two eventualities) but additionally specializes in investment in R&D and innovation and
envisions a 9 % CAGR for GDP between now and 2034. This scenario forecasts the most
aggressive growth and is the one scenario that it will generate the 240 million new jobs that
Indias growing population wants over the subsequent twenty years.
Take away for managers are :
Working out a quantity of systems that express a willingness to discover new approach of
offering sustainable welfare, specially for city populations, with significantly decreased
consumption of natural assets to industries.

To develop a roadmap that explores manner by which leading company actors can
motivate sustainable innovation through utilizing key sustainability developments as
drivers for core industry choices
Understanding sustainability developments that can translate into items and offerings to
crucial addressable global challenges.
Figuring out the price barriers that exist to the development of items and offerings, and
propose approaches wherein to dispose of them.

To set up a sustainability innovator zone on the net, in which concrete challenges may
also be presented.
To strengthen and acquire ideas concerning the means through which overseas businesses
and governments can help sustainability leadership in India
To strengthen and gather suggestions involving viable support measures from the Indian
govt and other national stakeholder for innovative organizations with export talents.

Conclusion
The IT/BPO export development has helped India develop in the last decade,its lengthy way to
go for Indian organizations to undertake sustainable progress practices as per global norms.
Business sectors like Tata, Reliance, ITC and Infosys have adopted these practices at a bigger
scale and paved a path for other businesses to comply with . A thriving SMEs sector would have
a huge spread have an impact on the economy and help trade the mindsets of the general
population by way of giving possibility and foster entrepreneurship. India has made great
development in sustainable development, however extra work is required to obtain its objectives.

References

Indian companies in 21st century: an oppotunity for innovation that can save the planet by
A survey by WWFs Trade and Investment Programme Mohammed Saqib, The Rajiv
Gandhi Foundation-Rajesh Sehgal and Dennis Pamlin, WWF.
Future of India the winning leap by pwc
The Economist Intelligence Unit, India Country Report March 2004.
The Economist Intelligence Unit, India Country Profile 2003.
P. Basu, World Bank Report No. AB756 SME Financing & Development.
G. Ramachandran, The Hindu Business Line, May 13, 2004