The forecasted climate change-related total tax revenue in India as a percentage of GDP remains stable from 2024 to 2028 with minor annual increases. Specifically, the revenue is predicted to rise incrementally from 1.24% of GDP in 2024 to 1.27% in 2028. The compound annual growth rate (CAGR) suggests a small steady increase across these years.
Future trends to watch for include:
- Policy shifts towards more aggressive climate measures that may significantly alter tax revenue.
- Technological advancements leading to greener practices potentially affecting tax structures.
- Economic growth influencing the GDP proportion allocated to climate-related efforts and taxation.