NITI Aayog: India Needs $22.7 Trillion, Exceeding China's GDP, for Net Zero by 2070

• NITI Aayog releases first three of eleven reports on India's roadmap to developed nation status and Net Zero by 2070.
• India requires an unprecedented $22.7 trillion capital investment to achieve Net Zero emissions by 2070, with a $6.5 trillion financing gap.
• The report emphasizes the need for domestic financial reforms, global capital mobilization, and international technical cooperation.
• Study outlines a blueprint for transforming India's economy, focusing on power, transport, and industry sectors.
• NITI Aayog CEO B.V.R. Subrahmanyam states coal consumption will increase by 2047, balanced with improved energy efficiency and carbon-free technologies for new infrastructure.