*Associate Professor, Department of Economics, Apeejay College of Fine Arts, Jalandhar, India
**Associate Professor, P.G.,Department of Economics, D.A.V. College, Jalandhar, India
Online published on 20 September, 2016.
Sustainable development has been accepted all over the world as a new paradigm of economic development and growth (Lele, 1991). Sustainable development represents the cohesiveness of social development, economic development, environment conservation and protection. World Commission on Environment and Development, also known as Brundtland Commission, appointed by UN, coined the term Sustainable Development in 1987.
India is the largest economy in the South East Asia. India, with a population of over 1.25 billion, has a number of differentiated responsibilities. So it becomes imperative that the government policies and strategies must be formulated to ensure sustainable development. Indian Economic Reforms, popularly known as the LPG Reforms, introduced in 1991, paved the way for the development of almost all the sectors of the economy.
Sustainable development, Industry, Environment and Development