Review of the Effect of Rising Temperature on the Pace of Indian Economy
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Published on: Jun 30, 2024
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Co-Authors: Kapila
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DOI: CIJE202492980_81_82
Ashphak Ashphak
PhD Scholar at MVGU, Jaipur, Department of History
Co-Author 1
Kapila
PhD Scholar at MVGU, Jaipur, Department of Commerce
Co-Author 2
Hemlata Dharendra
PhD Scholar at MVGU, Jaipur, Department of Political Science
Rising global temperatures, fuelled by climate change, pose a significant threat to the pace of economic growth and development worldwide. Rising temperatures have emerged as a catalyst for multifaceted economic challenges, with significant implications for food security and inflation dynamics. As temperatures soar, agricultural productivity faces unprecedented threats, potentially deepening existing food supply crises and exacerbating inflationary pressures. Additionally, extreme heat conditions can curtail working hours and reduce labour productivity, posing obstacles to sustained economic activity. With an emphasis on the possible barriers to economic growth, this study explores the complex relationship between rising temperatures and their effects on the economy. The study thoroughly examines the interactions between rising temperatures brought on by climate change and important economic variables as the availability of food, inflation, labour productivity, and employment.