Unmitigated climate change can cost India $35 trillion in economic potential over the next 50 years. Therefore, India must act now to avoid the losses, according to the latest Deloitte Economics Institute. The report, titled, “India’s turning point: How climate action can drive our economic future”, also reveals how the country could instead gain $11 trillion in economic value over the same period.
Deloitte’s report comes against the backdrop of the IPCC (Intergovernmental Panel on Climate Change) report that flags serious concerns related to climate change and its catastrophic impact on the world due to rising temperature. Glacial retreat in