Indian climate investments could create 5m jobs

India could create over five million jobs by investing in climate action, according to a new report by Deloitte India in association with the Rainmatter Foundation, titled 'The State of Climate Response in India'.

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The report estimates that achieving this vision would require an investment of $1.5 trillion toward climate change initiatives within the same timeframe.

The report adds that such an investment could generate between $3.5-4 trillion in annual economic output while advancing India’s transition toward a low-carbon, climate-resilient economy. The job creation would stem from sectors including manufacturing, operations and maintenance, green materials, warehousing, logistics, and feedstock aggregation. It also highlightshow changing rainfall patterns, temperature shifts, land-use pressures, and biodiversity loss are increasing both the cost and complexity of climate adaptation. It calls for a systemic transformation that integrates climate considerations into governance, business strategy, and community planning.

The Executive Summary of the report states that India stands at a critical inflection point in its development journey. As India charts its path ahead, climate risk must be recognised as a core economic concern. According to Deloitte's Turning Point research, if India pursues rapid de-carbonisation and climate action, it could gain nearly $11 trillion in economic value by 2070. In contrast, failure to act could result in a loss of up to $35 trillion.