Designed to boost India’s manufacturing capabilities and exports, the production-linked incentive scheme has had a tepid beginning. Things might begin to change in FY24, with economic activity predicted to normalise
Did you know, that if you were to invest 1 rupee in any an Indian tiger reserve, the return could be as high as 7,489 times? Tiger reserves in India that house 3,167 or 75% of the world’s big cats constitute a billion dollar economy. And almost nothing of it is accounted for in India’s GDP! Nevertheless, governments and corporates are fast becoming aware of the bounties of tiger habitats. More reserves are becoming carbon credit markets and interesting concepts like tiger bonds are being explored. But challenges-shrinking budget support, human-tiger conflict-remain. Host Anirban Chowdhury talks opportunities to Madhu Verma, Environmental Economist, Senior Economic Advisor, Iora Ecological Solutions; Gaurav Gupta, Senior Advisor, Conservation Finance - UNDP; and Richa Sharma - Assistant Editor, ESG - ET Prime.
If the importing countries do not want to or cannot, because of regulations, use high-carbon products, then firms in emerging markets will either need to produce lower carbon products or pay the cost of offsetting the carbon-content differential. The time to worry is getting close