India's Green Bond Program Faces Investor Reluctance

The Indian government is trying to raise money for green projects by selling special bonds called green bonds.

These bonds are meant to attract investors who care about the environment.

However, investors are hesitant to buy these green bonds because the returns are similar to regular government bonds, which means there is no financial advantage to choosing the green option.

In the past year, the government fell short of its green bond sales targets, and some bids were rejected.

The government is considering changes to boost demand, potentially setting aside a portion of investments for green bonds to create more interest.