With the Indian manufacturing sector already reeling under losses induced by the Covid-19 pandemic, climate change and global warming may result in further decline in its output, thereby affecting revenue.

A recent study by Energy Policy Institute at the University of Chicago has revealed that hotter years have been routinely linked with reduced economic output in developing countries. The research, which has gathered data from around 58,000 factories across India, found that plants produce about 2 percent less revenue for every one-degree rise in annual temperature. This is reflected in lower Indian GDP output in hot years and possibly also lower year-on-year growth…