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India's Green Gold Rush: $4.1T Investments, 48M Jobs
26 Nov
Summary
- India could attract $4.1 trillion in green investments by 2047.
- The nation may create 48 million jobs in the green economy.
- A $1.1 trillion annual green market is projected by 2047.
India is poised for a substantial green economic expansion, with projections estimating cumulative green investments of USD 4.1 trillion and the creation of 48 million jobs by 2047. This transformative period could unlock an annual green market valued at USD 1.1 trillion, according to a CEEW study.
The assessment identifies 36 diverse green value chains, encompassing energy transition, circular economy, and bio-economy initiatives. These opportunities extend beyond familiar areas like solar and electric vehicles to include sectors such as bio-based materials, circular manufacturing, and nature-based solutions, highlighting a broad economic potential.
Experts emphasize the need for policy stability and innovative financing to attract the necessary capital for this green frontier development model. The transition is seen not just as an economic opportunity but also as crucial for enhancing national security and resource independence.
