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ABSTRACT 

This research paper investigates the intricate interplay between green bonds, India's economic landscape, and the crucial role of sustainable finance in realizing environmental and social objectives. In the context of India's ambitious targets for renewable energy, the research explores the strategic positioning of green bonds within the country's economic framework. Through an in-depth analysis of the significance of the renewable sector, the paper identifies challenges and opportunities, underscoring the role of green bonds in mobilizing capital for renewable projects and promoting economic resilience. The research highlights the economic advantages of green bond investments, providing insights into both direct contributions and indirect effects on job creation and economic expansion. Furthermore, the paper assesses the potential of green bonds to attract international investments, along with addressing environmental and economic risks, the study underscores the dual impact of mitigating environmental harm while bolstering economic stability. The paper delves into challenges encountered in green bond issuance and suggests strategies for overcoming these obstacles. Comparative analyses of legislative approaches in Singapore and China offer valuable insights, guiding recommendations for amendments to the Securities and Exchange Board of India (SEBI) regulations. Drawing upon global best practices, the paper concludes with recommendations for SEBI amendments to further align regulations, emphasizing the advantages of attracting international investments in green bonds. Finally, the research emphasizes the significance of sustainable finance in attaining broader environmental and social objectives, providing a comprehensive overview of the pivotal role green bonds play in fostering economic growth while addressing urgent global challenges. Keywords: GDS, Sustainable, SEBI, Environment, International, Investments, Finance

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