According to the
Reserve Bank of India’s most recent report extreme heat and humidity might
have a negative impact on work hours and threaten up to 4.5 percent of India’s
GDP by 2030.
In talks about it, the
repercussions of climate change on the physical world frequently take central
stage. But what about its effects on the economy? By 2030, it is predicted that
eight crore jobs will be lost globally due to heat stress, with around 3.4 crore
of those jobs coming from India. read also this: PM Modi – Rishi Sunak’s friendship was seen on the world stage, Ministry of External Affairs wrote “strong-friendship”Changes in demand
patterns and negative effects on the economy’s supply potential are two ways
that climate change may affect the economy. Events related to climate change
are frequently described as unfavorable supply shocks that have a negative
impact on the economy’s potential growth by raising prices and reducing overall
economic output.
What Climate change a
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