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1 – 3 of 3The Indian government’s launch of Digital India initiative is critical to achieving a sustainable future by leveraging digital capabilities to promote social justice, economic…
Abstract
Purpose
The Indian government’s launch of Digital India initiative is critical to achieving a sustainable future by leveraging digital capabilities to promote social justice, economic prosperity and environmental stewardship. There are a lot of factors affecting digital India’s transformation to achieve sustainable development goals. This study aims to identify, examine and develop an empirical model estimating the relationship among enablers affecting and enhancing digital India’s transformation toward sustainability.
Design/methodology/approach
Following a thorough review of the literature, 10 key enablers were identified and analyzed using the total interpretive structural model (TISM). This novel approach has been adopted to analyze the hierarchical linkage between identified Enablers. Further Matrice d’impacts croisés multiplication appliquée à un classement (MICMAC) analysis technique is used to evaluate the driving and dependence power among enablers.
Findings
Findings show that the government’s supportive policy is the strategic enabler with the highest driving power, positioned at the bottom of the model. The government must support digital empowerment initiatives to ensure all individuals have access to the information they require to make proper decisions regarding their lives. This study examines the literature to generalize the findings to focus on the motivator of digital India transformation to achieve sustainable development goals.
Research limitations/implications
This study suggests that TISM and MICMAC-based hierarchical models help practitioners, managers and other stakeholders to focus more on strategic factors to enhance the performance aspects of digital transformation. Government, business and academic cooperation promotes a comprehensive approach to environmental sustainability by stimulating innovation and digital approach implementation.
Originality/value
In addition, it offers novel insights into the enablers, such as how the identified enablers interact with one another depending on the drive and dependency power to achieve the goals of digital India’s transformation to achieve sustainable development goals.
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Keywords
Ravita Kharb, Charu Shri, Neha Saini and Dinesh Kumar
Green and digital transitions (twin transition) help in achieving climate neutrality, cutting down the pollution level and reviving biodiversity. Organizations can mitigate their…
Abstract
Purpose
Green and digital transitions (twin transition) help in achieving climate neutrality, cutting down the pollution level and reviving biodiversity. Organizations can mitigate their ecological footprint, improve their digital portfolio and fulfil their ethical responsibilities by fostering a sustainable global community and adhering to a well-defined plan. In such backdrop, this study aims to propose strategies by identifying the strengths, weaknesses, opportunities and threats of the twin transition and to categorize and evaluate the internal and external factors for achieving environmental sustainability.
Design/methodology/approach
Following a comprehensive review of the literature, 27 factors have been identified and analyzed using the strengths, weakness, opportunities and threat matrix (SWOT). Threats, opportunities, weakness, strength matrix analysis approach is used to limit risk, overcome weaknesses and take advantage of opportunities. Effective strategies are designed and implemented using strategic planning action and evaluation matrix (SPACE) and quantitative strategic planning (QSPM) approach.
Findings
The study found that aggressive strategies considering economic strength and global opportunities must be used to accomplish green growth objectives. Out of three strategies, the focus on green technological innovation by taking advantage of financial mechanisms at the international level is highly recommended to achieve environmental sustainability.
Research limitations/implications
Through promoting green and digital transformation, the current study provides insightful policy recommendations for economic development. It may help to improve operational efficacy and to obtain a competitive edge by successfully limiting their adverse environmental effects in the global market through the implementation of twin transition. The process of developing a strategy aids stakeholders, including society, workers and other parties, in giving environmental sustainability a top priority while making financial decisions.
Social implications
Strategy development helps society, employees and all the other stakeholders to prioritize their green and digital transition decisions for environmental sustainability.
Originality/value
The current study identifies the factors formulating strategies using SWOT, TOWS, SPACE and QSPM matrix analysis for achieving environmental sustainability in the pervasive twin transition.
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Ravita Kharb, Charu Shri and Neha Saini
The objective is to develop an empirical model estimating the relationship and interaction amongst the factors affecting and enhancing green finance (GF) in developing economies…
Abstract
Purpose
The objective is to develop an empirical model estimating the relationship and interaction amongst the factors affecting and enhancing green finance (GF) in developing economies like India.
Design/methodology/approach
Around nine growth-accelerating enablers of green financing were found through literature and unstructured interviews and analysed using the total interpretive structural modelling (TISM) method. The hierarchical link between each factor is established using TISM, and further to evaluate the driver-dependent relationship the Matriced’ Impacts Croises Appliquee Aaun Classement (MICMAC) approach is utilised.
Findings
The findings demonstrate an interrelationship between growth-accelerating factors, where the political environment and information and communication technology (ICT), have minimal dependency but a strong driving force. Political environment and ICT are found as strategic-level factors lying at the bottom of the model driving towards the dependent variables. The government should focus on enacting effective policies such as the green credit guarantee scheme and carbon credit and establishing a regulatory framework to enhance green financing.
Research limitations/implications
This study examines the literature to generalise the findings and focus on the primary motivators for developing green financing. To increase green financial activity, practitioners must concentrate on aspects with significant driving forces. Furthermore, it makes organisations more profitable, efficient and competitive and promotes long-term growth.
Originality/value
The study is the first in the literature which identifies the growth-accelerating factors of green financing using the TISM and MICMAC-based hierarchical models.
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