World Bank: Warming World Will Cost India 2.8% Of GDP/Year, Cut Living Standards Of Half Its People
New Delhi: Rising temperature and climatic changes could be a substantial threat to India's growth by 2050, according to a World Bank Report. The changes in temperatures and rainfall patterns may decrease India's GDP by 2.8 per cent and depress the living standards of nearly 50 per cent of the country's population, said the "South Asia's Hotspots -- The Impact of Temperature and Precipitation Changes on Living Standards" report.
Changes in average weather will adversely affect living standards in the future.
New Delhi: Rising temperature and climatic changes could be a substantial threat to India's growth by 2050, according to a World Bank Report. The changes in temperatures and rainfall patterns may decrease India's GDP by 2.8 per cent and depress the living standards of nearly 50 per cent of the country's population, said the "South Asia's Hotspots -- The Impact of Temperature and Precipitation Changes on Living Standards" report.
As per the report, these are areas where changes in average weather will adversely affect living standards. Inland areas are predicted to be more affected than mountainous or coastal regions.
The report analyses two future climate scenarios -- climate sensitive, where some collective action is taken to limit greenhouse emissions, and carbon sensitive, where no action is taken.
Muthukumara Mani, lead economist and author of the Report, says, "At least 600 million people in India currently live in areas that are projected to be hotspots by 2050 under the carbon-sensitive scenario. This is almost 50 per cent of our population."
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https://www.ndtv.com/india-news/climate-change-could-cost-india-2-8-per-cent-of-gdp-by-2050-world-bank-1875302