Climate change could shave off 2.8% of India's GDP by 2050: World Bank
Climate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, as average annual temperatures are expected to rise by 1-2 per cent over three decades, a World Bank report on Thursday said.
"Rising temperatures and changing monsoon rainfall patterns from climate change could cost India 2.8 per cent of GDP and depress the living standards of nearly half the country's population by 2050," the report said.
Even if preventive measures are taken along the lines of those recommended by the Paris climate change agreement of 2015, India's average annual temperatures are expected to rise by 1-2 degrees celsius by 2050, the report said.
About 600 million people in India today live in locations that could either become moderate or severe hotspots of climate change by 2050 under a business-as-usual scenario.