• About us
  • Contact us
  • Our team
  • Terms of Service
Wednesday, May 20, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

India suffered income loss of USD 159 bn in key sectors due to extreme heat in 2021: Report

Press Trust of india by Press Trust of india
October 20, 2022
in BUSINESS
A A
0
Jammu records marginal dip in mercury; maximum settles at 40.4 degrees C
FacebookTwitterWhatsapp

New Delhi: India suffered an income loss of USD 159 billion, 5.4 per cent of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report.

Heat exposure in the country led to the loss of 167 billion potential labour hours, a 39 per cent increase from 1990–1999, said the Climate Transparency Report 2022 compiled by an international partnership of organisations.

More News

India, Nordic nations agree to elevate ties to Green Technology and Innovation Strategic Partnership

Chouhan says fertilisers not easily available in international market, pushes for organic farming

RBI discontinues investment fluctuation reserve requirement for banks

Load More

Labour productivity in India is projected to decline by five per cent from the 1986–2006 reference period if global temperatures increase by 1.5 degrees Celsius, it said.

The decline in labour productivity will be 2.1 times more if the global temperatures increase by 2.5 degrees Celsius, and 2.7 times at a three degree Celsius scenario.

Between 2016–2021, extreme events such as cyclones, flash floods, floods, and landslides caused damage to crops in over 36 million hectares, a USD 3.75 billion loss for farmers in the country, the report said.

The annual damage from river flooding in the country is likely to increase by around 49 per cent at 1.5 degree Celsius of warming. The damage from cyclones will increase by 5.7 per cent.

“The annual expected damage from tropical cyclones and river flooding at three degrees Celsius is 4.6 to 5.1 times that from 1.5 degrees Celsius,” the report read.

“Precipitation is projected to increase by six per cent from the reference period of 1986–2006, at 1.5 degrees Celsius of warming. Under a three degrees Celsius warming scenario, precipitation will increase by three times the precipitation anticipated at 1.5 degrees Celsius of warming,” it said.

The rainfall pattern in India has changed in the past 30 years, impacting many economic activities such as agriculture, forestry and fisheries.

“Snowfall in India is expected to decrease under 1.5 degrees Celsius scenario by 13 per cent when compared with the reference period’s snowfall levels. At three degrees Celsius of warming, the decrease is expected to be 2.4 times the 1.5 degrees Celsius scenario,” the report said.

Earth’s global surface temperature has increased by around 1.1 degrees Celsius compared with the average in 1850–1900.

To address climate change, countries adopted the Paris Agreement in 2015 to limit global temperature rise in this century to well below two degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.

Suruchi Bhadwal, director for earth science and climate change at The Energy and Resources Institute, said,” Extreme weather events in our regions have shown that the effects of climate change are increasing, and more and more people are being affected.”

“The need to transform our energy systems is obvious, which will also require the support of rich countries whose per capita emissions are much higher than India’s,” she said.

The impacts of climate change are already being experienced with an increase in the extreme weather events with more and more people and infrastructure affected, Bhadwal said.

“The need to transform our energy systems is obvious, requiring support for technology/best practice development, deployment at scales,” she said.

Previous Post

PM Modi to launch drive to recruit 10 lakh people

Next Post

Overconsumption created three-fold planetary emergency of climate change, biodiversity loss and pollution: UN chief

Press Trust of india

Press Trust of india

Related Posts

India, Nordic nations agree to elevate ties to Green Technology and Innovation Strategic Partnership

India, Nordic nations agree to elevate ties to Green Technology and Innovation Strategic Partnership
May 20, 2026

Oslo: India and the Nordic countries on Tuesday decided to elevate their relationship to a Green Technology and Innovation Strategic...

Read moreDetails

Chouhan says fertilisers not easily available in international market, pushes for organic farming

Centre to set up Clean Plant facility to provide disease-resistant plants to horticulturists in Kashmir
May 20, 2026

Bhubaneswar:  Union Agriculture Minister Shivraj Singh Chouhan on Tuesday acknowledged challenges in procuring fertilisers from the international market, urging states...

Read moreDetails

RBI discontinues investment fluctuation reserve requirement for banks

RBI holds meeting of Steering Sub Committee of J&K SLBC
May 18, 2026

Mumbai: The Reserve Bank on Monday discontinued the requirement for commercial banks to maintain Investment Fluctuation Reserve (IFR), an additional...

Read moreDetails

India to keep buying Russian oil regardless of US sanctions waivers, says official

Iran Crisis: No immediate oil disruption for India; Russia pivot possible if conflict drags on
May 18, 2026

New Delhi: India has been purchasing Russian oil irrespective of US sanctions waivers and will continue to do so based...

Read moreDetails

PM Modi lands in Sweden; to hold talks on trade, technology, defence

Nation responds to PM’s call for fuel conservation
May 18, 2026

Gothenburg (Sweden): Prime Minister Narendra Modi landed in Sweden on Sunday, where he will hold talks on trade, technology, defence...

Read moreDetails

Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub

Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
May 18, 2026

New Delhi:  ICEYE, a global leader in space-based intelligence, is set to establish its first Indian production facility within the...

Read moreDetails
Next Post
India’s voice in world can gain in authority, credibility from strong commitment to inclusivity, respect for human rights: UN chief

Overconsumption created three-fold planetary emergency of climate change, biodiversity loss and pollution: UN chief

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.