India’s GDP to rise by $406 bn by 2050 in net-zero scenario: Report
India’s GDP will rise by USD 406 billion by 2050 and more than 43 million jobs will be created, as the Asia’s third-largest economy leaps towards a net-zero target, according to a report by Observer Research Foundation (ORF).
At the 2021 Climate Change Conference, also known as COP26, Prime Minister Narendra Modi outlined a net-zero emissions target by 2070 for India. Also, India is targeting to increase its low-carbon power capacity to 500 gigawatts (GW) by 2030, and meet 50 per cent of its energy requirements from renewable energy by 2030.
“India’s net-zero carbon emissions target of 2070 is momentous and praiseworthy, but highly ambitious to say the least,” an ORF statement said.
