India Green Economy Potential
Kartavya Desk Staff
Context: A recent NLB Services report forecasts that India will generate 7.29 million green jobs by FY28 and 35 million by 2047.
About India Green Economy Potential:
• What is the Green Economy? A green economy refers to economic activities that reduce environmental risks, improve ecological sustainability, and generate employment through low-carbon, resource-efficient, and inclusive growth.
• A green economy refers to economic activities that reduce environmental risks, improve ecological sustainability, and generate employment through low-carbon, resource-efficient, and inclusive growth.
• Key Highlights from the Report Green Jobs Projection:
• Green Jobs Projection:
• India is expected to generate 7.29 million green jobs by FY 2027–28. The total number of green jobs could reach 35 million by 2047.
• India is expected to generate 7.29 million green jobs by FY 2027–28. The total number of green jobs could reach 35 million by 2047.
• India is expected to generate 7.29 million green jobs by FY 2027–28.
• The total number of green jobs could reach 35 million by 2047.
• Green Economy Value Forecast:
• The green economy is projected to reach a value of $1 trillion by 2030. By 2070, it could grow to $15 trillion, supporting India’s net-zero ambitions.
• The green economy is projected to reach a value of $1 trillion by 2030. By 2070, it could grow to $15 trillion, supporting India’s net-zero ambitions.
• The green economy is projected to reach a value of $1 trillion by 2030.
• By 2070, it could grow to $15 trillion, supporting India’s net-zero ambitions.
• Potential Trends in Employment
• Tier II and Tier III Cities: These are projected to generate 35–40% of the green jobs by FY28, especially in sectors like sustainable agriculture, logistics, and warehousing.
• Tier II and Tier III Cities: These are projected to generate 35–40% of the green jobs by FY28, especially in sectors like sustainable agriculture, logistics, and warehousing.
• Tier II and Tier III Cities: These are projected to generate 35–40% of the green jobs by FY28, especially in sectors like sustainable agriculture, logistics, and warehousing.
• Evolving Skill Requirements:
• Increasing demand for hands-on green technology skills. Growing need for digital literacy, especially in AI, Blockchain, and IoT applications. Strong focus on industry-academia partnerships to align curricula with sustainability and climate goals.
• Increasing demand for hands-on green technology skills. Growing need for digital literacy, especially in AI, Blockchain, and IoT applications. Strong focus on industry-academia partnerships to align curricula with sustainability and climate goals.
• Increasing demand for hands-on green technology skills.
• Growing need for digital literacy, especially in AI, Blockchain, and IoT applications.
• Strong focus on industry-academia partnerships to align curricula with sustainability and climate goals.
UPSC Syllabus Relevance:
• GS Paper 3: Pertains to employment generation, sustainable economic growth, and the integration of green technologies in infrastructure and climate-resilient development.
• Pertains to employment generation, sustainable economic growth, and the integration of green technologies in infrastructure and climate-resilient development.
• GS Paper 2: Connects with inclusive development initiatives, including Skill India Mission, and policies aimed at promoting green skill training and workforce readiness.
• Connects with inclusive development initiatives, including Skill India Mission, and policies aimed at promoting green skill training and workforce readiness.
• Essay Paper: Relevant for essays on the future of employment, environmentally sustainable development, and the emergence of a green-digital economy.
• Relevant for essays on the future of employment, environmentally sustainable development, and the emergence of a green-digital economy.