In 2024, air pollution-related transport tax revenue in India is projected at $27.36 billion, up from the 2023 value but decreases a slight growth rate compared to previous years due efforts to reduce pollution. Forecasts predict a year-on-year increase of about 1.94% from 2024 to 2028, with a compound annual growth rate (CAGR) of 1.93% across the forecast period.
- Significant prospects include potential policy changes regulating emissions, impacting tax revenue streams.
- Decarbonization initiatives and improved public transport infrastructure might further influence future revenues.
