(MENAFN- KNN India) New Delhi, Dec 4 (KNN) India's green economy could generate USD 4.1 trillion (Rs 360 lakh crore) in cumulative investments and create 48 million full-time equivalent (FTE) jobs by 2047, according to a new report by the Council on Energy, Environment and Water (CEEW).

Massive Green Market Potential

The analysis estimates that India could unlock a USD 1.1 trillion (Rs 97.7 lakh crore) annual green market by 2047.

This growth would be driven by 36 green value chains across the energy transition, circular economy, bio-economy and nature-based solutions.

Green Economy Council Launched

CEEW also announced the launch of the Green Economy Council (GEC), chaired by former G20 Sherpa Amitabh Kant.

Other members include IIT Madras' Proffesor Ashok Jhunjhunwala, Srivardhini K Jha from IIM Bangalore and CEEW CEO Arunabha Ghosh.

Energy Transition Leads Job Creation

The study projects that the energy-transition sector alone could generate 16.6 million jobs and attract USD 3.8 trillion in investments.

Clean mobility is expected to be the largest employer, contributing more than half of these jobs.

Bio-Economy, Nature-Based Solutions to Add 23 Million Jobs

Bio-economy and nature-based value chains could add 23 million jobs and deliver USD 415 billion in market value.

Key growth areas include chemical-free agriculture, bio-inputs, agroforestry and sustainable ecosystem management.

Circular Economy Output at USD 132 Billion

The circular economy is expected to generate USD 132 billion in annual economic output and create 8.4 million jobs across recycling, repair, refurbishment and material recovery.

Strong Opportunities for MSMEs

CEEW noted that these emerging opportunities will heavily involve MSMEs, cooperatives and community enterprises, positioning them as crucial enablers of India's long-term green growth and the 'Viksit Bharat' vision.

(KNN Bureau)

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