India’s economy can lose $35 trillion without climate action
3 years, 3 months ago

India’s economy can lose $35 trillion without climate action

Live Mint  

When it comes to tackling climate change by drastically slashing CO2 emissions, cold, hard figures can sometimes work as incentives for governments to act. The report, India’s Turning Point, How Climate Action Can Drive Our Economic Future, states that India must act decisively to decarbonise now, or risk losing almost $35 trillion in economic potential over the next 50 years, with global temperatures rising by 3 degrees Celsius above pre-industrial levels. On the other hand, if India sets into motion the process of decarbonisation now and reaches close to zero fresh emissions by 2055, the economy stands to gain $11 trillion in a world that would have managed to limit temperature rise to 1.5 degrees Celsius above pre-industrial levels. These losses would arise from lower levels of labour productivity due to heat stress and worsening human health, and India’s severe exposure to extreme climate events. However, in a post-2050 world of near zero emissions where temperature rise peaks at 1.5 degrees Celsius and then stabilises, India’s GDP could grow by 8.5% by 2070.

India Report Trillion  rise  lose  trillion  35  states  global  losses  gdp  indias  climate  economy  action  economic  report

History of this topic

Climate change is now a real and pressing economic threat
1 day, 5 hours ago

Climate change is now a real and pressing economic threat

Live Mint  

New Delhi: Climate change is no longer just affecting lives. “We must reduce emissions because a country like India needs a stable climate to ensure growth. Cross-border tariffs Climate change may disrupt global trade and economic development around as developed economies in the European Union are coming up with measures like the Carbon Border Adjustment Mechanism, a policy tool to …

How the Indian economy fared in 2024, in 9 charts
1 day, 21 hours ago

How the Indian economy fared in 2024, in 9 charts

Live Mint  

The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth. While the fight against inflation made …

India in 2025: Challenges are resurfacing but so are opportunities
5 days, 21 hours ago

India in 2025: Challenges are resurfacing but so are opportunities

Live Mint  

Much has been said about India’s growth slowdown to 5.4% in the quarter ending September. We believe that the bulk of the growth exuberance over the past few years has been led by the rise of ‘new India’, a small but fast growing part of the economy, which comprises several high-tech sectors. After several heady years, the base of ‘new …

The issue of India’s economic growth versus emissions
2 weeks, 2 days ago

The issue of India’s economic growth versus emissions

The Hindu  

The Indian economy has consistently showcased its robust growth over the past few decades. The claim The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than …

Boost Green Capex With 'Climate Deficit' to Reverse India's GDP Slowdown
3 weeks ago

Boost Green Capex With 'Climate Deficit' to Reverse India's GDP Slowdown

The Quint  

However, in terms of social or political outcomes, inflation is not a statistical idea based on indices rising up from a base year but a lived experience called price rise. Developing countries, especially India, saw a grand failure in the inability of developed countries to sufficiently increase the funding to decelerate climate change. While the COP29 attended by delegates from …

Mint Primer: Your two-minute guide to COP29... and dystopia
1 month, 2 weeks ago

Mint Primer: Your two-minute guide to COP29... and dystopia

Live Mint  

Nations, businesses and civil society are set to discuss ways to tackle the climate crisis at yet another Conference of Parties to the UN Framework Convention on Climate Change, The 29th meet is in Baku, Azerbaijan, on 11-14 November. A massive $2.4 trillion a year—four times what is currently invested—is required for poor and emerging economies to cut greenhouse gas …

India will be $7 trillion economy by 2030
10 months, 3 weeks ago

India will be $7 trillion economy by 2030

Firstpost  

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. Meanwhile, as per National Statistical Office, the Indian economy is estimated to grow 7.3 per cent in 2023-24, while Reserve Bank of India projected a 7 …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

After Dubai, the race against the climate crisis
1 year ago

After Dubai, the race against the climate crisis

Hindustan Times  

The Climate Conference of Parties is over — until the next one. Although the loss and damage fund was operationalised on the very first day, the sums pledged represent around 0.2% of the annual losses faced by developing countries due to the climate crisis. The final text refers to transitioning away from fossil fuels in a just, orderly and equitable …

India’s final energy demand expected to double by 2070: FICCI-Deloitte report
1 year, 2 months ago

India’s final energy demand expected to double by 2070: FICCI-Deloitte report

Live Mint  

New Delhi: India’s final energy demand is expected to double to about 1,200 Mtoe by 2070 in a net-zero scenario with aggressive energy efficiency measures in place, according to a report. The report titled ‘India’s energy-transition pathway: A net-zero perspective by FICCI and Deloitte India’, has projected that the country requires a massive $15 trillion in investments to achieve its …

Rate of decarbonisation ‘falling dangerously short of rate needed for 1.5C’
1 year, 3 months ago

Rate of decarbonisation ‘falling dangerously short of rate needed for 1.5C’

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. To achieve our global ambition, and starting this year, it is time to embrace a bold, commercial and disruptive …

‘Decarbonisation of building and construction sector imperative to achieve India’s net zero target’
1 year, 3 months ago

‘Decarbonisation of building and construction sector imperative to achieve India’s net zero target’

The Hindu  

Sectors for which transition to net zero is difficult to impossible due to financial and technological challenges A Niti Ayog report released earlier this year identified power, industry, transport, and buildings as the four major sectors in India contributing to carbon emissions. To achieve India’s goals of reducing its carbon footprint by 30-35 percent by 2030 and net zero by …

Over-emitting nations owe India $1,446 per capita until 2050 as climate compensation: study
1 year, 6 months ago

Over-emitting nations owe India $1,446 per capita until 2050 as climate compensation: study

The Hindu  

Economically developed countries such as the U.S. and Germany are responsible for 90% of the excessive carbon dioxide emissions and could be liable to pay a total of $170 trillion as compensation to low-emitters like India to ensure climate change targets are met by 2050, says a a new study. `Net zero’ by 2050 The researchers, from the University of …

'Indian economy's growth rate underscores its resilience amid global challenges,' says PM Modi
1 year, 6 months ago

'Indian economy's growth rate underscores its resilience amid global challenges,' says PM Modi

India TV News  

Prime Minister Narendra Modi on Wednesday taking to Twitter asserted that the Indian economy's annual growth rate of 7.2 percent underscores its resilience amidst global challenges. National Statistical Office recently released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. "The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges," …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

Explained | Is the economy driving with the brakes on?
2 years ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

India will become $40 trillion economy by 2047, says Mukesh Ambani; spells out 3 big mantras
2 years, 1 month ago

India will become $40 trillion economy by 2047, says Mukesh Ambani; spells out 3 big mantras

Firstpost  

During his virtual address at the 10th Convocation of Pandit Deendayal Energy University, Mukesh Ambani stressed that concerns over climate change must be addressed as India strives to achieve economic progress Gandhinagar : Asserting that India will become a $40 trillion economy by 2047, Reliance Industries Chairman Mukesh Ambani said that three revolutionary shifts - Clean energy, bio-energy, and the …

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI
2 years, 1 month ago

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI

News 18  

India’s Q2 GDP Growth Forecast: The Reserve Bank of India on Friday said the Indian economy is resilient but also “sensitive to formidable global headwinds”. The central bank pegs the country’s GDP for the July-September 2022 quarter between 6.1 per cent and 6.3 per cent based on economic prediction models and high-frequency indicators, like IIP, PMI, core sector data and …

India suffered income loss of $159 billion in key sectors due to extreme heat in 2021: Report
2 years, 2 months ago

India suffered income loss of $159 billion in key sectors due to extreme heat in 2021: Report

The Hindu  

October 20, 2022 04:53 pm | Updated 04:53 pm IST - New Delhi: India suffered an income loss of $159 billion, 5.4% of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report. Heat exposure in the country led to the loss of 167 billion potential labour …

India's Economic Resilience Despite A Global Crisis Makes the World Take Lessons
2 years, 2 months ago

India's Economic Resilience Despite A Global Crisis Makes the World Take Lessons

News 18  

India is a unique country. IMF’s managing director Kristalina Georgieva went a step ahead and said India deserves to be called a bright spot in an otherwise dark horizon because it has been a fast-growing economy, even during difficult times. In its annual ‘World Economic Outlook’ report, the International Monetary Fund said outlook for India is growth of 6.8 per …

Why recession clouds in parts of the globe can hit India's economic recovery
2 years, 2 months ago

Why recession clouds in parts of the globe can hit India's economic recovery

India Today  

A day after Russia escalated the war on Ukraine by raining missiles on its capital Kyiv, the International Monetary Fund, on October 11, announced what many have been fearing—that a large part of the globe will witness recession this year or the next. The IMF has cut India’s GDP growth to 6.8 per cent for 2022-23, from 7.4 per cent …

Addressing Climate Change: Policy Interventions And Sustainable Financing In India
2 years, 4 months ago

Addressing Climate Change: Policy Interventions And Sustainable Financing In India

Live Law  

According to the Global Risks Report, 2022 published by the World Economic Forum, climate action failure is amongst the top three most severe environmental risks and amongst the five most critical long-term threats to the world as well as the most potentially damaging to people and planet over a 10-year horizon. A 2021 assessment report by the Intergovernmental Panel on …

India could gain $11 trillion by 2070 by transitioning to green economy: Report
2 years, 6 months ago

India could gain $11 trillion by 2070 by transitioning to green economy: Report

Live Mint  

BENGALURU: India could gain approximately $11 trillion by 2070, by leading decarbonisation efforts and transitioning to a green economy, according to a report titled ‘Trail to Net Zero for India’, commissioned by Salesforce in collaboration with YouGov and Access Partnership. About 83% of respondents from India support a more ambitious target of becoming net zero by 2050, while 40% of …

A squeeze on climate goals
2 years, 6 months ago

A squeeze on climate goals

Hindustan Times  

At the United Nations climate summit in Glasgow in November 2021, member countries reaffirmed the Paris Agreement’s goal of limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. This, says an International Energy Agency report, could impact the profitability of the renewable energy industry and …

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI
2 years, 8 months ago

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI

News 18  

India’s gross domestic product is expected to have grown nine per cent in the financial year 2021-22, which is the highest among the leading economies, and the growth is likely to be over eight per cent in the current financial year, according to the PHD Chamber of Commerce and Industry. “At this juncture, the percolation of ease of doing business …

India's 2022 GDP Growth Downgraded to 4.6% Due to Ongoing War in Ukraine: UN Report
2 years, 9 months ago

India's 2022 GDP Growth Downgraded to 4.6% Due to Ongoing War in Ukraine: UN Report

News 18  

India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday. …

India to reach net zero emissions by 2070; industry should take note on sustainability: Bhupender Yadav
3 years ago

India to reach net zero emissions by 2070; industry should take note on sustainability: Bhupender Yadav

The Hindu  

Union Environment Minister Bhupender Yadav on November 25 asserted that India will reach net zero emissions by 2070 and asked the industry to take serious note on sustainability. "As a nation, we would reach net zero emissions removing as much as carbon dioxide from the atmosphere as we produce by 2070. Prime Minister Narendra Modi at COP-26 announced that India …

Matter of a Trillion: The Uphill Task for India to Help Limit Global Temperature Rise to 1.5 Degrees
3 years, 1 month ago

Matter of a Trillion: The Uphill Task for India to Help Limit Global Temperature Rise to 1.5 Degrees

News 18  

The Glasgow climate summit is spectacularly silent on the matter of a trillion dollars that India raised at the conference to meet the cost of the changes it needs to do its bit to restrict global temperature rise to 1.5 degrees this century. So for India to get to its declared target of net zero emissions by 2070, it will …

The numbers game: The Hindu Editorial on COP26 United Nations climate meeting at Glasgow
3 years, 1 month ago

The numbers game: The Hindu Editorial on COP26 United Nations climate meeting at Glasgow

The Hindu  

The 26th United Nations Conference of Parties in Glasgow, Scotland may not have a significant outcome as yet in sight. Prior to the summit, there was a frantic attempt by leaders of western countries, particularly the United States and summit host the United Kingdom, to have most countries agree on a mid-century net zero goal, or when emissions dip to …

India demands $1 trillion as ‘climate finance’
3 years, 1 month ago

India demands $1 trillion as ‘climate finance’

The Hindu  

India has demanded a trillion dollars over the next decade from developed countries to adapt to, and mitigate, the challenges arising from global warming, and has kept this as a condition for delivering on climate commitments made by Prime Minister Narendra Modi, a senior official who is part of ongoing climate agreement negotiations in Glasgow told The Hindu. India’s five-fold …

Climate crisis: How significant is India’s net-zero pledge?
3 years, 1 month ago

Climate crisis: How significant is India’s net-zero pledge?

Al Jazeera  

After years of refusing to set targets for net-zero emissions, India has pledged to achieve that benchmark by 2070. After refusing to set targets for net-zero carbon emissions, India’s Prime Minister Narendra Modi took to the stage at the United Nations Climate Change Conference in Glasgow, Scotland last week and said his country would turn net zero by 2070. But …

India won’t hit net-zero emissions until 2070, Modi tells Cop26
3 years, 1 month ago

India won’t hit net-zero emissions until 2070, Modi tells Cop26

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India has set out a net-zero emissions target for 2070, the country’s prime minister Narendra …

India & Climate Change: Implications of setting a net zero target
3 years, 1 month ago

India & Climate Change: Implications of setting a net zero target

Hindustan Times  

The Intergovernmental Panel on Climate Change 1.5 C report highlights the criticality of achieving a net zero greenhouse gas future. We present the implications of these alternative scenarios for the required sectoral transitions across the electricity, transport, building, and industrial sectors in India and provide insights into India’s climate policy. Nuclear-based electricity generation capacity must increase to 68 GW by …

A climate change narrative that India can steer
3 years, 3 months ago

A climate change narrative that India can steer

The Hindu  

In a keynote speech on September 8 in a seminar organised by a think tank, R.K. Singh, Union Minister for Power, New and Renewable Energy stated, “Environment is something we are trustees of and have to leave behind a better environment for our children and great grand children.” However, a recent report, “Assessment of Climate Change over the Indian Region” …

Acting on climate change, a $11 trillion opportunity for India: Report
3 years, 3 months ago

Acting on climate change, a $11 trillion opportunity for India: Report

The Hindu  

India must act now to prevent the country from losing $35 trillion in economic potential over the next 50 years due to unmitigated climate change, a new report from the Deloitte Economics Institute has said. The report, titled 'India's turning point: How climate action can drive our economic future', also reveals how the country could gain $11 trillion in economic …

How India can be a $11 trillion economy by 2070 from positive climate action
3 years, 4 months ago

How India can be a $11 trillion economy by 2070 from positive climate action

Hindustan Times  

India can gain $11 trillion in economic value over the next 50 years by limiting rising global temperatures and realising its potential to ‘export decarbonisation’ to the world, a new study by Deloitte Economics Institute shows. India could use the transition to a low-emission footing to restructure its economy towards growth in advanced industrial sectors, leveraging lower cost clean energy …

Climate Change will decimate India’s GDP by 2050
3 years, 6 months ago

Climate Change will decimate India’s GDP by 2050

Live Mint  

Last week I wrote about the importance of the current G7 summit of the world’s richest nations when it comes to deciding on a roadmap to tackle the climate crisis. The report states that if global temperatures rise by 2.6 degree Celsius in the next 30 years, then G7 countries will lose 8.7% of their GDP every year. The report …

India may have lost 3% of its GDP due to global warming
3 years, 6 months ago

India may have lost 3% of its GDP due to global warming

Hindustan Times  

India may have already lost 3% of its gross domestic product on account of global warming of 1 degree Celsius over pre-industrial levels, and risks losing 10% of its GDP in the extreme scenario of a 3 degree Celsius increase, which would lead to a rise in sea levels, a decline in agricultural productivity, and increased health expenditure, according to …

The climate change battle can’t be won without industry action
3 years, 8 months ago

The climate change battle can’t be won without industry action

Live Mint  

We have seen two local events completely bring down global supply chains. Top Indian companies estimate the financial impact of climate risks at more than ₹7 trillion, with an average risk of ₹92 billion per company, according to a 2021 report by CDP India. Several Indian companies have voluntary commitments on climate change, including targets for renewable energy, energy efficiency, …

India will have to leapfrog every major economy to reach net zero by 2050
3 years, 9 months ago

India will have to leapfrog every major economy to reach net zero by 2050

Live Mint  

Top Indian officials are discussing whether to set a goal of reaching net-zero greenhouse gas emissions by 2050, yet little analytical work has been done on just what the country will have to do to meet that target. According to his study, by 2050: Fossil fuels have to fall to 5% of the energy mix, from 73% in 2015 The …

Six charts show hard it is for India to hit net zero by 2050
3 years, 9 months ago

Six charts show hard it is for India to hit net zero by 2050

Live Mint  

Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Committing to a legally binding net-zero target would help India attract some of the trillions of dollars in investment that’ll be required for a green transformation, lawmaker Jayant Sinha, a member of Prime Minister Narendra Modi’s Bharatiya Janata Party and an advocate …

Sustainable economic recovery may narrow down GDP contraction in FY21, says FM
4 years, 1 month ago

Sustainable economic recovery may narrow down GDP contraction in FY21, says FM

Live Mint  

Asit Ranjan Mishra: Finance Minister Nirmala Sitharaman on Tuesday indicated that India’s GDP contraction may narrow down to near zero in FY21 if India’s ongoing economic revival remains sustainable in the second half of the financial year. However, following the unlocking of the economy starting June, India’s manufacturing PMI expanded to its highest level in over eight-and-half years at 56.8 …

Indian economy will bounce back with 8.8% growth in 2021: IMF
4 years, 2 months ago

Indian economy will bounce back with 8.8% growth in 2021: IMF

India Today  

India will regain its position as the fastest-growing emerging economy in 2021, the International Monetary Fund said on Tuesday. The IMF, in its latest 'World Economic Outlook' report, said that the Indian economy hit by coronavirus pandemic - is projected to contract by a massive 10.3 per cent this year, but it is likely to bounce back with an impressive …

Covid-19 may leave 'permanent scar' on India's growth, show agency outlooks on GDP
4 years, 3 months ago

Covid-19 may leave 'permanent scar' on India's growth, show agency outlooks on GDP

India Today  

The coronavirus pandemic and the strict nationwide lockdown has resulted in economic devastation beyond comprehension in India. While Goldman Sachs projected India’s GDP for the year to contract 14.8 per cent, Fitch Ratings said it would contract 10.5 per cent. Fitch Ratings, too, sharply downgraded its projections for India’s economic growth to -10.5 per cent — double of the five …

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery
4 years, 3 months ago

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery

India Today  

GDP numbers are out and they spell trouble for the Indian economy, already reeling under the pressure of the novel coronavirus pandemic and the subsequent nationwide lockdown. At -23.9 per cent, India is staring at a recession because the Indian economy has witnessed a contraction in growth for the two consecutive quarters now. Manufacturing, construction, trade, hospitality and transport which …

Discover Related