India can become an $11 tn economy by 2070 with Climate actions in place

Incredives

2 Sep 2021

India needs to act now to mitigate the effects of climate change and prevent the country from losing $35 trillion in economic potential, which could be 12.7% of its GDP (Gross Domestic Product) by 2070, over the next 50 years, according to a new study by Deloitte Economics Institute. 


The report, titled 'India's turning point: How climate action can drive our economic future', infers that India can gain $11 trillion in economic value over the next five decades by restricting rising global temperatures and realising its potential to 'export decarbonisation' to the world.