Abstract：
Asian countries are facing difficulties in attaining sustainable development goals (SDGs), and India is not an exception to it, with environmental degradation being one of the primary issues. Therefore, a policy-level reorientation may be required to address it. From this standpoint, fiscal policy instruments may come in handy towards fully integrating the SDGs into its agenda. The present investigation designs an SDG framework for India that could serve as an example for other Asian nations. This study introduces a new investigation exploring the relationship between fiscal policy instruments and environmental quality in India by examining the environmental Kuznets curve (EKC) hypothesis from 1990 to 2021. A nonlinear autoregressive distributed lag (NARDL) model is applied for empirical examination. The findings indicate that positive and negative shocks in fiscal policy instruments have significant impact on carbon emissions in both the long and short run. The study has also found evidence of an \"inverted U-shape\" EKC for India. These results are valuable from a policy perspective for India and other Asian countries to address environmental issues. The study has also outlined potential outcomes that may benefit India\'s fiscal policy in resolving environmental issues and attaining better economic growth. In the end, the study proposes a policy framework that supports SDG 7, SDG 8, SDG 12, SDG 13, and SDG 17 objectives.
摘要：
亚洲国家在实现可持续发展目标（SDG）方面面临困难，印度也不例外，环境退化是主要问题之一。因此,可能需要政策层面的重新定位来解决这个问题。从这个角度来看,财政政策工具可能会派上用场，将可持续发展目标完全纳入其议程。本调查为印度设计了一个可持续发展目标框架，可以作为其他亚洲国家的榜样。这项研究引入了一项新的调查，通过研究1990年至2021年的环境库兹涅茨曲线（EKC）假说，探索了印度财政政策工具与环境质量之间的关系。采用非线性自回归分布滞后(NARDL)模型进行实证检验。研究结果表明，财政政策工具的正面和负面冲击在长期和短期对碳排放都有显著影响。该研究还发现了印度“倒U形”EKC的证据。从政策角度来看，这些结果对印度和其他亚洲国家解决环境问题很有价值。该研究还概述了可能有利于印度财政政策解决环境问题和实现更好的经济增长的潜在结果。最后,该研究提出了支持可持续发展目标7、可持续发展目标8、可持续发展目标12、可持续发展目标13和可持续发展目标17的政策框架。
