The air pollution-related transport tax revenue in India has shown a fluctuating but generally upward trend from 2013 to 2023, increasing from $6.4 billion to $8.54 billion. The year-on-year growth rates have varied significantly, with a peak increase of 16.21% in 2017 and a notable decrease of 10.21% in 2018. The average CAGR over the past five years stands at 3.38%, indicating a steady yet modest growth rate. The forecasted data from 2024 to 2028 projects a continued rise, with the revenue reaching $9.5 billion by 2028 and a 5-year CAGR forecast of 1.68%.
Future trends to watch for include the impact of enhanced environmental regulations, technological advancements in transport reducing emissions, and shifts in government policies towards more sustainable travel options. These factors could significantly influence the trajectory of air pollution-related tax revenues in the coming years.
