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According to the new report of Climate Transparency, India Suffered Income Loss of______of GDP Due To Heatwave In 2021.
A)
5.1%
B)
5.4%
C)
5.9%
D)
6.3%

Correct Answer : Option (B) - 5.4%


India suffered an income loss of 5.4% of Gross Domestic Product (GDP), the highest among the G20 nations in 2021, according to the new report of Climate Transparency.
 
The report highlighted that India witnessed a record heatwave that greatly affected workers, labour migrants, low-income households, and the homeless, and reduced the yields of wheat crops.
 
Despite the fact that India is responsible for 3% of global emissions, the report mentioned that around 142 million people in India may be exposed (10% of the population) to summer heatwaves at 1.5 Degrees Celsius.
 
The higher temperature resulted in the reduction of working hours, which further led to substantial income losses in services, manufacturing, agriculture, and construction.
 
The 'Climate Transparency Report 2022' was developed with experts from 16 partner organisations from the majority of the G20 (Group of 20) countries.
 
Further, talking about global emissions, the USA ranked first, as America contributes 25% of it, followed by the European Union with 22%.
 
"G20 members account for around 85% of global GDP, 75% of international trade, and two-thirds of the world's population, and are responsible for around three-quarters of global emissions"..

Source : Mint

Published On : October 27, 2022
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