India's GDP Surges to $4.3 Trillion, Doubling in a Decade

A recent report by environmental organization Germanwatch reveals that India is among the top ten countries most impacted by climate-related extreme weather events from 1993 to 2022. The Climate Risk Index 2025 highlights over 400 extreme weather incidents in India, leading to approximately USD 180 billion in economic losses and over 80,000 fatalities.
The report underscores the frequency of devastating floods, recurring heatwaves, and cyclones as key contributors to India's vulnerability. Notable disasters such as the floods of 1993, 1998, and 2013, along with cyclones Hudhud and Amphan, exemplify the severe impacts on the population and agriculture.
Laura Schaefer, Head of Division for International Climate Policy at Germanwatch, noted that countries in the Global South, like India, face significant challenges due to underreporting of damages. She emphasized the urgency for adaptation finance to enhance resilience against climate change. Additionally, UN Climate Summit outcomes indicate a critical need for increased funding, with experts citing a minimum of USD 300 billion needed annually by 2035 to address climate crises effectively.