Economic Impact of Global Warming in India: An Updated Review of Methods, Policies, and Recent Empirical Literature*

Naveen Kumar and Dibyendu Maiti

No 4dhy6_v1, SocArXiv from Center for Open Science

Abstract: This Chapter reviews empirical methodologies studying the impact of global warming on economic indicators inIndia. We begin with an analysis of global climate dynamics, which includes definitional debate of level and growtheffects, using climate econometrics to highlight the methodological issue in temperature-GDP econometrics, andsummarising methodological discussion on differentiation between weather and climate change. The chapter thenevaluates India's vulnerability to climate shocks, detailing macroeconomic impacts on critical sectors such asagriculture, health, and productivity, and reviews the evolution of India's environmental policies. We further reviewthe role of fiscal, regulatory, and monetary policies in facilitating climate adaptation and mitigation. Additionally,we explore diverse econometric approaches for estimating climate change impacts, including cross-sections andpanel methods. This review highlights the urgency of coordinated international action and the need for India toimplement robust climate policies to ensure sustainable economic growth and fulfil its emission reduction targets.

Date: 2026-06-07
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:4dhy6_v1

DOI: 10.31219/osf.io/4dhy6_v1

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