RAS question
NITI Aayog's 'Scenarios Towards Viksit Bharat 2047 and Net Zero 2070' report projects India's GDP at USD 30 trillion by 2047 and requires how much incremental investment for the net-zero transition by 2070?
Correct answer: (D) USD 8.1 trillion.
NITI Aayog's Scenarios Towards Viksit Bharat 2047 and Net Zero 2070 work estimates that India's net-zero transition will require USD 8.1 trillion in incremental investment by 2070.
Explanation
NITI Aayog released eleven study reports on Viksit Bharat 2047 and Net Zero 2070, with the macroeconomic volume projecting that India can reach a USD 30 trillion GDP by 2047 while staying broadly aligned with the Viksit Bharat goal. The financing-needs volume explains the investment arithmetic behind the net-zero pathway: the Net Zero Scenario requires about USD 22.7 trillion by 2070, while the Current Policy Scenario requires about USD 14.7 trillion. The difference between these two paths is the incremental requirement, which is about USD 8.1 trillion. This is why option D is the precise answer. The report is important because it frames India's first multi-sectoral integrated climate-development study in terms of both growth and financing.
Why the other options are wrong
- (A) USD 3.5 trillion is too low; the cited financing volume places the incremental net-zero investment requirement at about USD 8.1 trillion by 2070.
- (B) USD 5.2 trillion does not match the report's comparison between USD 22.7 trillion in the Net Zero Scenario and USD 14.7 trillion in the Current Policy Scenario.
- (C) USD 12.0 trillion overstates the incremental requirement; the report identifies about USD 8.1 trillion as the additional investment needed for the net-zero transition.
Concept
This tests climate finance within Indian Economy, especially how India's Viksit Bharat growth target is linked to the financing needs of the 2070 net-zero commitment. It recurs in RAS because recent NITI Aayog reports connect macroeconomic planning, energy transition and public-policy investment choices.