In 2023, India's climate change-related tax revenue was xx Billion USD. From 2024, it is expected to increase from 40.59 Billion USD to 45.59 Billion USD by 2028. The year-on-year growth shows a consistent rise, with variations of approximately 3.2% to 3.5% annually, indicative of stable expansion. The compound annual growth rate (CAGR) over these five years is expected to maintain at around 3.3%.
Future trends to watch for include potential policy adjustments enhancing climate taxes, technological innovations impacting emissions, and economic shifts impacting revenue forecasts. These factors could significantly influence anticipated fiscal trends.
