The analysis shows that this would be largely balanced by lower costs for energy and transport. The benefits of a well-planned, orderly, accelerated transition would outweigh the downsides, given India's growth outlook, say experts
As countries across the world accelerate efforts towards becoming carbon-neutral, challenges for India continue to remain steep despite its several proactive steps and commitments. Accelerated decarbonisation may have a moderate impact on Indian household spending and on jobs, according to McKinsey & Company’s report titled: ‘Decarbonising India: Charting a pathway for sustainable growth’.