Context: A recent NLB Services report forecasts that India will generate 7.29 million green jobs by FY28 and 35 million by 2047.
About India Green Economy Potential:
- What is the Green Economy?
- A green economy refers to economic activities that reduce environmental risks, improve ecological sustainability, and generate employment through low-carbon, resource-efficient, and inclusive growth.
- Key Highlights from the Report
- Green Jobs Projection:
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- India is expected to generate 7.29 million green jobs by FY 2027–28.
- The total number of green jobs could reach 35 million by 2047.
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- Green Economy Value Forecast:
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- The green economy is projected to reach a value of $1 trillion by 2030.
- By 2070, it could grow to $15 trillion, supporting India’s net-zero ambitions.
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- Potential Trends in Employment
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- Tier II and Tier III Cities: These are projected to generate 35–40% of the green jobs by FY28, especially in sectors like sustainable agriculture, logistics, and warehousing.
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- Evolving Skill Requirements:
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- Increasing demand for hands-on green technology skills.
- Growing need for digital literacy, especially in AI, Blockchain, and IoT applications.
- Strong focus on industry-academia partnerships to align curricula with sustainability and climate goals.
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UPSC Syllabus Relevance:
- GS Paper 3:
- Pertains to employment generation, sustainable economic growth, and the integration of green technologies in infrastructure and climate-resilient development.
- GS Paper 2:
- Connects with inclusive development initiatives, including Skill India Mission, and policies aimed at promoting green skill training and workforce readiness.
- Essay Paper:
- Relevant for essays on the future of employment, environmentally sustainable development, and the emergence of a green-digital economy.
