The second edition of the State of Finance in India Report was released in November 2023. It is a first of its kind that expands the domain of finance and economics beyond the confines of ivory tower experts. It invites writings from a cross section of academics, policy makers, activists, social practitioners and of course eminent economists who engage with questions from ground. Given that finance and money touches and shapes our lives in more ways than one, this ensemble of authorship gives the report a certain multidimensional character that allows us to explore the concerns of the day in a much broader as also deeper sense. Wearing a critical, alternative and bottom up lens while looking at finance and economy, the compilation stands out as it gives us an opportunity to critique the mainstream or dominant view in a language and form that is accessible to a larger audience. The report is a result of the combined efforts of Centre for Financial Accountability, the Economic Research Foundation and Focus on Global South. The editorial board comprises CP Chandrashekhar, Jayati Ghosh, Shalmali Guttal, Joe Athialy and Anirban Bhattacharya. The report consists of an In Focus segment consisting of chapters dealing with the particular theme of the year. While in the first edition it was Pandemic and Recovery, in the second edition it was Climate Finance. In the upcoming edition the theme In Focus will be the Contours of Digital Finance and Platform Economy.This, the second edition of the report and comes at a juncture when one of the components of the polycrisis that the world faces, is climate crisis. Over the last few years climate finance has emerged as a focal point of international discussions. The divide between the advanced capitalist countries and the global south; the contradictions between a market based approach and a structural overhaul of our growth and energy trajectory; the funding of false solutions versus the idea of just transition – there are a lot of perspectives that clash in this arena of climate finance. It is pertinent to thereby do a critical stock taking of India’s position within this matrix and that is what this edition attempts to do in the first segment. In the second segment called Sectoral Overview the attempt would be to highlight from a critical point of view of finance and economy, the developments at the given point in time across a broad stroke of sectors.