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Sustainable development is a very complex concept involving several inter-related issues and concerns. Globalization has given a new dimension to social, economic and environmental development associated with the perceived responsibilities and growth indicators. Both developing and developed countries have the opportunities to exploit comparative advantages in the changing economic, social and environmental scenario while targeting sustainable growth together with expansion of the business prospects. Every region perceives these opportunities with different notion. There is a plethora of indicators for assessing sustainability. However, assessment criteria, prioritization and trade off for a given sustainability parameter against the other could be very complex while evolving transport growth model in emerging economies.