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

If not acted upon, over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.

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 value instead over the same period, by limiting rising global temperatures and realising its potential to 'export decarbonisation' to the world. "We have a narrow window of time - the next 10 years - to make the decisions needed to alter the trajectory of climate change. No one is immune to the impact of climate change, but for India this is a window of opportunity to lead the way and show how climate action is not a narrative of cost but one of sustainable economic growth," according to Atul Dhawan, Chairperson, Deloitte India.