While the world’s elite debate at summits, the global economy is quietly hemorrhaging over $250,000 every minute due to climate damage. For India, this isn’t a “long-horizon risk”—it is a present-day financial catastrophe. According to the FICCI-EY Risk Survey 2026, climate shocks are already disrupting supply chains, food systems, and labor productivity at an alarming rate. Annual global climate damages are projected to reach a staggering $38 trillion by 2050.
In India, the situation is even more dire. Water scarcity has pushed per-capita availability below the stress threshold, threatening the very survival of agriculture and industry in states like Punjab and Karnataka. Extreme heat is slashing industrial output by 30%, while urban flooding paralyzes our cities. Despite these flashing red lights, the government continues to prioritize corporate interests over climate resilience. Rather than holding fossil fuel giants accountable, policy remains a captive of boardrooms, treating the survival of our ecosystems as a mere “compliance exercise.” We are paying the price for this negligence in real-time, with our economy, our health, and our future on the line.
