India has doubled climate spending to 5.6% of GDP, says Finance Minister Sitharaman
India has doubled climate spending to 5.6% of GDP, says Finance Minister Sitharaman is drawing significant interest across the industry.
India has significantly increased its financial commitment to fighting climate change, with spending on climate action rising from 3.7 per cent of the Gross Domestic Product (GDP) six years ago to nearly 5.6 per cent today. Union Finance Minister Nirmala Sitharaman shared these figures while speaking at the 'Degrees of Instability: Climate Security in a Warming World' townhall in Munich, Germany, on Saturday.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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