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International Journal of Research in Finance and Management
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E-ISSN: 2617-5762|P-ISSN: 2617-5754
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2023, Vol. 6, Issue 2

A comprehensive exploration of sustainable development: Importance, opportunities, and challenges

Amandeep Kaur and Randeep Kaur

This paper provides a systematic review of sustainable development, incorporating insights from a diverse range of research studies. The review highlights a noticeable gap in the existing literature, particularly concerning sustainable development projects in India, and reveals that several Sustainable Development Goals (SDGs) have not been thoroughly explored. Among these, gender equality, reduction of inequalities, peace and justice, and responsible consumption and production emerge as key areas with significant potential for further research and policy focus.
The review’s main findings indicate that sustainability and sustainable development contribute to the enhancement of resource availability. However, their progress is influenced by national policies, institutional constraints, structural challenges, and the extent of political commitment toward achieving the SDGs. While the concept of sustainable development enjoys broad acceptance within academic discourse, its practical relevance and application in policymaking contexts remain subject to debate.
Moreover, current research suggests that integrating sustainability considerations into environmental policies and practices offers distinct benefits. The chapter also notes that the rapid growth of the global population intensifies concerns related to sustainable development. Finally, it presents a detailed discussion on the significance, strategies, and challenges associated with sustainable development.
Pages : 292-297 | 330 Views | 169 Downloads


International Journal of Research in Finance and Management
How to cite this article:
Amandeep Kaur, Randeep Kaur. A comprehensive exploration of sustainable development: Importance, opportunities, and challenges. Int J Res Finance Manage 2023;6(2):292-297. DOI: 10.33545/26175754.2023.v6.i2c.484
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