International Journal of Marketing & Financial Management

International Journal of Marketing & Financial Management

Print ISSN : 2349 –2546

Online ISSN : 2348 –3954

Frequency : Half Yearly

Current Issue : Volume 13 , Issue 1
2025

THE GREEN MIRAGE: A CONCEPTUAL REVIEW OF GREEN WASHING IN THE INDIAN CONTEXT

Ms. Karishma Anklesaria, Dr. Seema Pandit, Dr. Anjali Ramnani, Ms.Dipalee Atre, Dr. Rikita Thakkar, Dr. Dhaval Kataria

1Ms. Karishma Anklesaria, 2Dr. Seema Pandit, 3Dr. Anjali Ramnani, 4Ms.Dipalee Atre, 5Dr. Rikita Thakkar, 6Dr. Dhaval Kataria

1,2,3,4,5,6Assistant Professor, GLS University’s Faculty of Business Administration, Ahmedabad, Gujarat, India

Published Online : 2025-06-30

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In an era marked by increasing environmental awareness and regulatory pressure, corporations are under growing scrutiny to demonstrate sustainable business practices. However, the widespread emergence of “greenwashing”—where companies misrepresent or exaggerate their environmental efforts—poses a significant threat to ethical governance and informed consumer choice. This conceptual review investigates the evolving discourse on greenwashing, beginning with its definitions, typologies, and connections to broader issues like corporate hypocrisy and symbolic decoupling. Anchored in the Indian context, the paper critically analyzes a series of recent and illustrative case studies, including the Gensol–BluSmart financial controversy, misleading eco-labelling in the FMCG sector, and textile industry practices straddling the line between sustainability and craftwashing. It further evaluates India's emerging legal landscape, particularly the 2024 Guidelines for the Prevention and Regulation of Greenwashing, and assesses the challenges of enforcement. By combining theoretical exploration with sector-specific insights, this study provides a grounded understanding of the mechanisms, risks, and regulatory responses to greenwashing in India. It concludes with reflections on systemic gaps and suggests concrete directions for future research, aiming to support the development of a transparent, accountable, and truly sustainable corporate environment.

 

Keywords:Consumer Protection, Corporate Hypocrisy, Corporate Social Responsibility (CSR),Environmental Claims, Environmental, Social, and Governance (ESG),Greenwashing, Sustainable Marketing

 

Type of paper: Review Paper