With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. Green investment bank india provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.

We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Towards a Green India Although the past decade of rapid economic growth has brought many benefits to India, the environment has suffered, exposing the population serious air and water pollution. 80 billion per year or 5. Green growth strategies are needed promote sustainable growth and to break the pattern of environmental degradation and natural resource depletion. Emission reductions can be achieved with minimal cost to GDP.

Over the last decade, India’s strong growth has increased employment opportunities and allowed millions to emerge from poverty. India’s remarkable growth record, however, has been clouded by a degrading environment and growing scarcity of natural resources. Mirroring the size and diversity of its economy, environmental risks are wide ranging and are driven by both prosperity and poverty. In a recent survey of 178 countries whose environments were surveyed, India ranked 155th overall and almost last in air pollution exposure.

The survey also concluded that India’s environmental quality is far below all BRIC countries . Also, according to another recent WHO survey, across the G-20 economies, 13 of the 20 most polluted cities are in India. Second, A low-emission, resource-efficient greening of the economy should be possible at a very low cost in terms of GDP growth. While a more aggressive low-emission strategy comes at a slightly higher price tag for the economy it promises to deliver greater benefits. While the overall policy focus should be on meeting basic needs and expanding opportunities for growth, they should not be at the expense of unsustainable environmental degradation. 80 billion annually, or equivalent to 5.

GDP in 2009, environment could become a major constraint in sustaining future economic growth. Further, it may be impossible or prohibitively expensive to clean up later. Model simulations suggest that policy interventions such as environmental taxes could potentially be used to yield positive net environmental and health benefits with minimal economic costs for India. For an environmentally sustainable future, India needs to value its natural resources, and ecosystem services to better inform policy and decision-making especially since India is a hotspot of unique biodiversity and ecosystems. A low-emission, resource-efficient greening of the economy should be possible at a very low cost in terms of GDP growth.