About us

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Time is running out to act on climate change. But rather than climate action being a drain on our economy, our India report shows it will significantly boost GDP and accelerate phenomenal growth.  

 

With decarbonization acting as a new economic engine, India plays a key role in providing the skills, technology and innovation for this global transformation.  


By moving now with bold action, we can not only avoid the worst impacts of climate change, but also create prosperous long-term economic growth for India and the world.  


But we only do this if we do it together and we do it now – we are at a turning point.

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India’s turning point

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Technical Appendix Report

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Access all Asia Pacific and geography reports

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Report insight

APAC

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Report highlights

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Economic imperative—our turning point

The cost of action and inaction

The cost of doing nothing is economically devastating


US$35 trillion (in present value terms) lost from India’s economy by 2070. This lost economic potential would total 12.5% percent of GDP in 2070 alone.


Source: Deloitte Economics Institute.


We have a narrow window of time to change the future. Decisions need to be made in the next decade to combat the worst impact and accelerate economic growth.


Acting on climate change is the new economic engine


US$11 trillion (in present value terms) could be added to India’s economy by 2070. An increase of 8.5% in GDP in 2070 alone.

Source: Deloitte Economics Institute.

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The opportunity and impacts

India faces a critical and consequential choice

India has much to lose from inaction

Unchecked climate change threatens India’s contemporary economic engine with 80% of GDP at risk. Services, manufacturing, retail and tourism, construction, and transport will incur the greatest climate-related losses over next 50 years.

 

Source: Deloitte Economics Institute.

 

India has much to gain from action

Rapid decarbonization through broad changes in its energy mix and industrial base will significantly transition India away from fossil fuel sources, falling to 5% by 2070. This transition would see India restructure its economy toward growth in advanced industrial sectors, leverage clean energy global export markets with affordable clean energy technologies.

 

Source: Deloitte Economics Institute.



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Time to act—accelerating to zero

Four phases will shape our economic and climatic future

Four phases will shape our economic and climatic future


  1. 2021 to 2030—Bold climate plays: Decisions begin to impact decarbonization as India foregoes some short-term economic development in favour of sustainable tech investment
  2. 2030 to 2040—Coordinated change: Economies, businesses and industries realign and start to see consequences of bold climate plays.
  3. 2040 to 2055—Turning point: Net positive economic position is achieved, and economic gains continue to gradually rise.
  4. 2055 onwards—A low-emission future: India’s economy is near net zero emissions and operates in a world that keeps global warming to around 1.5°C. There is a rapid gain in economic dividends from global decarbonization.


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Dive into the data

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Related content

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WorldClimate
Deloitte Economics Institute
Voice of Asia
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Contact us

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Viral Thakker

Partner and Sustainability Leader, Deloitte India

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