Today world is moving towards an environmental turmoil and the only way to save our planet is to go green and sustainable. This paper aims to study the importance of going green and to analyze the strategies, challenges and policies in the way of green economy. The paper by analyzing the various studies and reports through exploratory research methods found the significance of green economy and how it leads to sustainable development at the World and Indian level. The basic goal of the article is to answer the question of what kind of relationship occurs between the concepts of green growth, green economy and sustainable development.