Big bets for heavy (green) industries

Yesterday, the United Nations Secretary-General convened a climate action summit urging world leaders to increase ambitions to ensure net zero emissions by 2050. India co-chaired the industry transition track with Sweden. India aims to become a $5 trillion economy by 2024. Manufacturing share of GDP reached an all-time high in 1995 (18 per cent). When China was at our current size in 2006, manufacturing contributed a third of its GDP. Manufacturing is also responsible for a quarter of India’s greenhouse gas emissions, rising to more than a third by 2040. Can Indian manufacturing re.....

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