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Difficult for India to achieve climate goals without compromising economic targets: Oxford Economics

"We think the new climate goals will be difficult to achieve without significantly compromising India’s stated economic targets and its ambition to become a $5 trillion economy by 2024/25. Indeed, it may not even be possible,” Oxford Economics said.

December 03, 2021 / 08:08 PM IST
Source: Shutterstock

Source: Shutterstock

India’s new climate goals will be difficult to achieve without significantly compromising the country’s stated economic targets and its ambition to become a $5 trillion economy by 2024-25, according to global forecasting firm Oxford Economics.

It further said India’s pledge to achieve 'net zero' emissions by 2070 is admirable, but the path announced by Prime Minister Narendra Modi at COP26 toward achieving that goal is ambitious.

"We think the new climate goals will be difficult to achieve without significantly compromising India’s stated economic targets and its ambition to become a $5 trillion economy by 2024/25. Indeed, it may not even be possible,” Oxford Economics said.

In 2019, Modi envisioned to make India a $5 trillion economy and global powerhouse by 2024-25.