The Economic Times

Eyes now on Viksit, net zero later: Can India achieve high-income status by 2047 without compromising on climate promises?

India aims to achieve a high-income economy status by 2047, requiring substantial economic growth and investment. However, ambitious climate goals may impose significant financial burdens that could jeopardize this progress. Investment requirements for achieving carbon neutrality by 2070 could cost India approximately $8.1 trillion, equivalent to a large percentage of GDP. Reports suggest that climate policies might divert funds from essential services like education and healthcare.