India that is Bharat, has witnessed many milestones in the journey of seventy eight years as an independent nation and rebooted itself with a strong slogan “ Viksit Bharat” to make India a developed and progressive state by the year 2047 through accomplishing the sustainable development in every sphere. But the targets of sustainable development require a huge amount of sustainable finance which is still at the rudimentary stage. India owed its commitments to achieve the targets of sustainable development like net zero emissions by the year 2070 on one side and bucked up its belt to make the nation Viksit Bharat by the year 2047 that incarnates researchable gaps between the policies and the objectives. It is therefore ruminated to pen this paper with three broad objectives of analysing the trends of sustainable finance in India, finding the regulatory lacunae of sustainable finance and assessing the perceptions of stakeholders on the role of sustainable finance in holding true the doctrine of Viksit Bharat.