India to face 24.7% GDP loss by 2070 due to climate change: ADB report

Quick Summary:

Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across the Asia and Pacific region, with India projected to suffer a 24.7 per cent GDP loss, according to a new report.

It says that if the climate crisis continues to accelerate, up to 300 million people in the region could be at risk from coastal inundation, and trillions of dollars' worth of coastal assets could face annual damage by 2070.

The new research, presented in the inaugural issue of ADB's "Asia-Pacific Climate Report", details a series of damaging impacts threatening the region.

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Category: BusinessFinance

Markets: IndiaBangladeshChinaIndonesiaPakistanPhilippinesVietnam

Topics: India growth ADB report on growth GDP growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:47:52 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 28 lines

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Copyright Owner: © Business Standard

News ID: 23348200

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