There is no one agreed definition of Green Economy. India has viewed the concept of Green Economy in the context of sustainable development and poverty eradication; which was one of the themes of Rio+20. Green Economy is one of the means to achieve sustainable development. The concept should not lead to any form of green protectionism, imposition of conditionality or any intrusion in the domestic policy space. The document affirms that there are different approaches, visions, models and tools available to each country, in accordance with its national circumstances and priorities, to achieve sustainable development in its three dimensions which is the overarching goal. Green economy in the context of sustainable development and poverty eradication is one of the important tools available for achieving sustainable development and that it could provide options for policy making but should not be a rigid set of rules. The outcome of summit firmly rejects the unilateral measures and trade barriers as well as unwarranted conditionalities on ODA and finance under the guise of Green Economy.