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India's fast growing economy, large population to drive carbon-intensive product demand: Moody's

  • Moody's Ratings expects India's fast-growing economy and expanding population to drive up carbon-intensive product demand.
  • India's share of global greenhouse gas emissions has increased to 7.5% in 2022.
  • The government's ability to attract private investment and address negative spillovers from decarbonization will determine India's credit exposure to carbon transition and social risks.
  • India has expanded its renewable energy capacity, but decarbonization in transportation and the wider economy has been slower.

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