Growth, development, environmental protection can be achieved together


Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, 2020, Brookings India is now the Centre for Social and Economic Progress, an independent public policy institution based in India.

CII-ITC Centre of Excellence for Sustainable Development kicked off its tenth year in sustainability with its annual Sustainability Summit at the Taj Palace Hotel in New Delhi.

Setting macro-level context to the two-day discussions for the Sustainability Summit, Dr Subir Gokarn, Former Deputy Governor, Reserve Bank of India & Director-Research, Brookings India, highlighted the fact that trade-off between growth, development, and environmental protection is a false dilemma. This is not an either/or choice but both can be achieved together. “That requires behavioural changes, requires strategic changes, and organisational changes”, said he. The last one decade, he said, has concretised pillars of sustainability and the emergence of CESD reflects a process of making business sustainable. For the next decade Dr Gokarn sees the emergence of a variety of technologies, and products and services which are economically viable and sustainable. He believes there is enormous space for business to expand its commitment and make sustainability a business.

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