Impact of climate change on India's economy!
Impact of climate change on India's economy!India is also being greatly affected by climate change. Here are some of the main threats:1.Reduction in GDP: According to the Asian Development bank (ADB), if climate change is not stopped, India's GDP may decrease by 24.7% by 2070.2.Reduction in working capacity: Due to heat waves, people are able to work for less time. By 2030, 34 million jobs in india may be at risk. This can lead to a loss of 4.5% of GDP.3.Impact on agriculture: Due to heat and irregular rainfall, the yield of crops like rice and wheat is decreasing. If the temperature rises by 2 degrees Celsius, india may have to double its grain imports by 2050.4.Threat to beaches: India's 7,500 kilometer long coastline is at risk. Between 1990 and 2018, 32% of the coast has been eroded. Rising sea levels have increased the risk of flooding in coastal cities.5. Natural disasters: Between 1993 and 2023, India has suffered a loss of $180 billion due to natural disasters. Many people have also lost their lives in these disasters.All these problems are weakening India's economy.Impact on agriculture and fisheriesClimate change is also affecting important sectors like agriculture and fisheries in the Asia-Pacific region.1. Agriculture: Rice production may decrease by up to 14% by 2050. This may endanger food security and reduce farmers' income. This problem is very serious in countries like India, because a lot of people here depend on agriculture.2. Fisheries: Tropical fish stocks could decline by up to 30% by 2050 due to declining fish populations. This will affect the livelihoods of fishermen.3. Energy sector: Countries such as india, Indonesia, and china that rely on coal and oil are facing the challenge of moving to renewable energy. This could lead to job losses and incomes.