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Current Issue • Jul-Sep 2016

Impact of Climatic Conditions on GDP

Impact of Climatic Conditions on GDP

A one degree Celsius increase in daily mean temperatures would on an average decrease agricultural output by 11% in India. The overall GDP, as a result, would reduce by 28%, making the 8% per annum GDP growth rate a pipedream. The consequences of climate change could be devastating, if policy makers continue to ignore it. Agricultural output would fall resulting in food shortages and inflationary pressures in the years to come.

ABOUT THE AUTHORS

  • Ashwini-Chhatre

    Ashwini Chhatre

    Visiting Professor and Senior Research Fellow of the Bharti Institute of Public Policy, Indian School of Business (ISB).
  • Arnab-Dutta

    Arnab Dutta

    Research Associate at the Indian School of Business
  • Piyush-Mehta

    Piyush Mehta

    Research Associate at the Indian School of Business (ISB).
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