Climate change could reduce Indian economy by 10 percent, research claims

London, 21 August 2019, Wednesday

Climate change can also affect India's economy. This change could reduce India's economy by 10 percent. This is claimed in a report. According to the report, if Paris is not compromised, it will affect all economies, whether rich, poor, hot or cold, after almost all countries. According to researchers at a university in Britain, current economic discoveries estimate the burden of climate change on warmer or poorer nations. Experiments collected after 1960 of 174 countries.

It is estimated that the cold country or the rich economies will be unaffected by it. Even countries with high temperatures can benefit from this. The study, published by the National Bureau of Economic Research, shows that the average rich, cold country will lose the same amount of income. This will happen as long as the emission scenario is normal. By which the average global temperature is forecast to rise by 4 degrees Celsius by the end of the century.

According to the researchers, this will reduce America's GDP by 10.5 percent by 2100. Which can prove detrimental. According to him, this way Japan, India and New Zealand will lose 10% of their income. The researcher says Canada claims it will be financially benefited by the rise in temperature, and will lose 13 percent of its current income by the year 2100.

Researchers suspect global household products to be complete by 7 percent by the end of the century. Switzerland's economy is expected to decline 12 percent by 2010. Russia will lose 9 per cent of its domestic product and Britain will lose 4 per cent. Experts say that hot waves, droughts, or extreme weather conditions, such as cold waves, deviations from their historical norms will have an economic impact.