Every new economy undergoes the same challenge—the development of the economy should not compromise the integrity of both the natural and social environments on a long-term basis. There is a great need to industrialize, urbanize, and fulfill the population’s demands. Most of these economies tend to lose sight of the long-term vision and focus on reasonable initiatives like creating jobs, building infrastructure, and promoting foreign investments to grow. However, it adversely affects overpopulation, leading to environmental destruction, resource exhaustion, and social injustice. The concern of enhancing development needs and conserving the environment is a dilemma that most policymakers, business executives, and communities contend with. This chapter examines the dichotomy of development and sustainability concerning emerging economies by diving into the growth versus practice narrative. By adopting a multi-faceted lens, this chapter looks at the case studies of developing economies that have been successful in sustainable practice uptake, including transitions to renewable energy, green innovations, and circular economy approaches. It also explains international agencies, government initiatives, and the private sector in the context of sustainable development. This chapter highlights the importance of a shift in development strategies favoring inclusive growth, which calls for improvements in economic growth, the environment, and social justice. This chapter ends by specifying practical measures that would help achieve the balance, reiterating the need to integrate sustainable development in all development aspirations for the well-being of future generations.