India aims to achieve carbon neutrality by 2070 and reduce its GHG emission intensity by 45% from 2005 levels by 2030. To achieve this, the country is taking measures to establish a carbon credit market and calls on developed nations to fulfil their promise of providing $100 billion in annual climate finance. The establishment of a global carbon market could significantly impact India's domestic carbon market, but a standardized system within a global carbon market could address this imbalance and benefit developing countries. India can position itself as a key player in the global carbon market and achieve its climate goals while promoting sustainable development.