India ranked 7th most vulnerable to climate change, according to the Economic Survey presented to Parliament, which heightened worries in the wake of international estimates that 2024 was the hottest year on record. According to the survey, India is more vulnerable to slow-onset phenomena like sea-level rise, biodiversity loss, growing water scarcity, and extreme weather events like heatwaves, floods, and cyclones.

Agriculture has been severely impacted by the devastating climate events that occurred on 93% of the days in 2024. According to the survey, these circumstances put social instability, inflation, and food security at risk. Climate change is projected to have significant economic implications, but the survey does not specify an exact annual GDP reduction rate.

Adaptation Strategies and Financial Gaps

The government increased adaptation spending from 3.7% to 5.6% of GDP between FY16 and FY22 to recognize the need for climate resilience. Financial analysts warn that this increase is not enough, though. While the survey highlights a funding gap, the specific estimate of $5.1 to $6.8 trillion is needed by 2030 and the $300 billion annual adaptation funding target for 2035.

The report also emphasized India’s difficulties in implementing renewable energy because of resource and technological constraints. Other obstacles to moving away from fossil fuels include the lack of adequate storage options and restricted access to essential minerals. The survey underlined the necessity of a thorough adaptation plan in light of these vulnerabilities to successfully reduce climate risks.

Also Read: 2025 Declared International Year Of Glaciers To Address Climate Crisis

Disproportionate Impact on Vulnerable Communities

The survey emphasized how marginalized communities, especially rural women, are disproportionately impacted by climate change. Their livelihoods are at risk due to agricultural disturbances; therefore, they must look for alternative sources of income. To strengthen climate resilience at the local level, the government is responding by encouraging self-help groups (SHGs) to support alternative revenue streams in microbusinesses and agriculture.

India ranked 7th most vulnerable to climate change in the latest economic survey. Although experts emphasize that achieving net-zero emissions by 2070 will require tremendous innovation and investment, the survey does not specifically mention this target. India’s commitment to this objective remains a cornerstone of its broader climate strategy. The results of the Economic Survey underscore the pressing need for swift and sustained climate action, given the increasing frequency and intensity of extreme weather events. Can India mobilize the required policies and resources in time to protect its future? That is still an open question.

Also Read: Climate Crisis Disrupted Education For 242 Million Children In 2024, Says UNICEF