Balancing economic growth with environmental responsibility involves implementing sustainable practices such as reducing carbon emissions, conserving resources, and promoting renewable energy. Industries can achieve this by investing in green technologies, adopting eco-friendly production methods, and adhering to strict environmental regulations.Balancing economic growth with environmental responsibility involves implementing sustainable practices such as reducing carbon emissions, conserving resources, and promoting renewable energy. Industries can achieve this by investing in green technologies, adopting eco-friendly production methods, and adhering to strict environmental regulations.

The relationship between economic growth and economic development lies in their interdependence. Economic growth typically refers to an increase in the production of goods and services within a country, measured by metrics like GDP. On the other hand, economic development encompasses broader aspects such as improving living standards, reducing poverty, and promoting social well-being. While economic growth contributes to economic development, sustainable economic development considers the long-term consequences of growth on the environment and society. Therefore, achieving economic development requires balancing growth with environmental responsibility and social equity.

Dr kailash Bharti Goswami thank you for your contribution to the discussion

By embracing circular economy principles, businesses can reduce their environmental footprint while also creating new market opportunities. Agriculture plays a significant role in sustainable development, as it directly impacts both the environment and the economy. As industries expand, they consume more raw materials and energy, leading to increased carbon emissions, habitat destruction, and resource depletion. To balance this equation, sustainable practices, such as resource-efficient technologies and circular economies, are imperative. The integration of economic development and sustainable planning is crucial for addressing the complex challenges of our time. By finding a balance between economic growth, social well-being, and environmental protection, societies can create a sustainable and prosperous future. Sustainability consists of fulfilling the needs of current generations without compromising the needs of future generations, while ensuring a balance between economic growth, environmental care and social well-being. Balancing economic growth with environmental sustainability requires transitioning towards cleaner energy sources, adopting sustainable practices in industries, promoting circular economy models, and investing in eco-friendly technologies. “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” This implies that we need to look after our planet, our resources and our people to ensure that we can live in a sustainable manner. Economic growth is considered one dimensional as it focuses only on income. Economic development is a 'Multidimensional' concept as it focuses on income, social welfare and other dimensions. It is possible even without economic development.Economic growth is the process that happens automatically as the changes are made in the economy over time. Economic development is the process in which certain changes are made regularly for acquiring desired results. These changes are made through various government policies and industrial projects. Economic Growth is the positive change in the real output of the country in a particular span of time. Economic Development involves rise in the level of production in an economy along with the advancement of technology, improvement in living standards and so on. Sustainable development strives for moderate and responsible use within the economic activity of the limited resources of our planet, whereas economic growth does not limit the resource exploitation and energy, being mainly focused on productivity increase.