The air pollution-related total tax revenue in India is forecasted to grow from $105.57 billion USD PPP in 2024 to $117.39 billion in 2028. This reflects a steady year-on-year increase of approximately 2.88% annually during this period. The data reveals a compound annual growth rate (CAGR) of around 2.75% from 2024 to 2028, indicating a consistent rise in tax revenues attributed to air pollution levels, based on the fiscal measures set in place.
Future trends to watch for:
- Policy changes on air quality standards and taxation could accelerate revenue growth.
- The implementation of technological advancements may impact air pollution levels and related taxation.
- Global economic factors and environmental agreements might alter revenue expectations.