Environment & Ecology

Extreme heat can erase hundreds of thousands of jobs in India's cities by 2050: World Bank

Indian cities face significant job losses due to extreme heat by 2050. Extreme heat already costs South Asia millions of jobs annually. Rising temperatures pose a major threat to regional economic growth. However, India's sustainable cooling market presents a significant investment opportunity. Heat early warning systems offer substantial benefits for every dollar invested.
3 min readRead original on Economic Times
Prelims: Environment & Ecology, EconomyMains: GS 1, GS 3

Context

A recent report has projected severe job losses across major Indian cities—including Delhi, Kolkata, Mumbai, and Chennai—due to extreme heat rendering working hours unsafe by 2030 and 2050. The report highlights that heatwaves in South Asia could reduce the region's economy by nearly 7% by 2050 while simultaneously creating a $1.6 trillion investment opportunity in India's sustainable cooling market by 2040.

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