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India Suffered Income Loss of 5.4% of GDP Due To Heatwave In 2021

India Suffered Income Loss of 5.4% of GDP Due To Heatwave In 2021 – As per the new report of Climate Transparency, India has suffered an income loss of 5.4% of Gross Domestic Product (GDP), the highest among the G20 nations in 2021.

  • India has seen a record heatwave that greatly affected workers, labor migrants, low-income households, and the homeless, and reduced the yields of wheat crops.
  • The ‘Climate Transparency Report 2022’ has been prepared with experts from 16 partner organizations from the majority of the G20 (Group of 20) countries.
  • the USA ranked first with 25% and followed by the European Union with 22% in terms of global emissions.

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