A Comparative Analysis Between Green Industrial Policies of India and China: Review and Implications

Abstract

In the last century, the world has experienced adverse impacts of myopic industrialization on the environment in various countries. It drives policymakers to focus on designing an environment-friendly industrial policy i.e., “Green Industrial Policy.” In this context, the role of developing economy countries such as India and China becomes instrumental. This motivates us to investigate the green industrial policies of India and China and perform an in-depth comparative analysis. Here, we propose a framework encompassing different dimensions, namely, drivers, policy level reforms, and barriers of the green industrial policies of the abovementioned countries. Subsequently, we present a comparative analysis between India and China in the context of policy level reforms. We narrate the comparative study of the green industrial policies of these two countries from the perspective of legislation and government programs, economic policies, and technical research and development policies. Finally, we explain the challenges associated with the green industrial policies of India and China and how these issues can be addressed.