indian economy
The Asian Development Bank has carried out a study on global warming in which worrying things have been reported for India and all of Asia. In this report it has been said that by 2070, 30 crore lands will be in danger of being submerged in the sea.
According to the report, if carbon emissions continue to rise like this, then economic growth in the Asia-Pacific region could decline by 16.9 percent by 2070. India’s GDP is estimated to decline by 24.7 percent. hundred.
Low-income people suffer the most
The report shows that low-income and vulnerable economies will suffer the most from rising sea levels and declining work capacity. The Asian Development Bank’s Asia-Pacific Climate Report has provided information on the harmful effects in this region.
Threat of coastal flooding for 30 million people
It says if the climate crisis intensifies, 300 million people could be at risk of coastal flooding. Coastal properties could suffer billions of dollars in damage by 2070
ADB President Masatsugu Asakawa said climate change has increased the devastation caused by storms, heat waves and floods in the region. This is creating a serious economic and humanitarian crisis. He said that to address these problems it is necessary to work immediately and with good planning.
Bangladesh suffered the biggest loss
The report says that by 2070, there could be a 16.9 percent drop in GDP in Asia and the Pacific due to climate change. Many parts of this region will face losses of more than 20 percent.
Countries most at risk of loss include Bangladesh (30.5 percent), India (24.7 percent), Southeast Asia (23.4 percent), high-income Southeast Asia (22 percent), Pakistan (21 .1 percent), Pacific Region (18.6 percent) and Philippines (18.1 percent).
