Climate change is going to hit the Indian economy hard
Countries located in areas with higher temperature will face disproportionate impact of global warming
The farm sector in India is in distress and several state governments have responded with loan waivers, which could affect their fiscal math and the ability to push capital expenditure at a time when the Indian economy has slowed significantly. This comes after India faced deficient rainfall for two consecutive years in 2014 and 2015. According to estimates, production of kharif crops in the current year is expected to decline by 2.8% because of an uneven monsoon. The possibility of such weather events is likely to increase in the future. And that means a serious challenge for a country like India where about 50% of the population directly or indirectly depends on agriculture for a livelihood.