As the novel coronavirus, COVID-19, rapidly spreads across the world, health services in many nations are increasingly overwhelmed, while the global economy is falling into an unprecedented recession. The World Bank has cut India’s growth forecast for 2020-21 to 2.8%, down from 5% in 2019-20. Informal sector workers and members of lower income groups have been hit particularly hard as their wages have disappeared. The International Labour Organization estimates that...
Blog Posts: economics
This blog post originally appeared on WRI.org.
Anand Mahindra, chairman of the India-based $19 billion Mahindra Rise conglomerate, told a World Economic Forum crowd that climate action is “the next century’s biggest business and financial opportunity.”
“Everything that our group of companies has done to try to improve energy to reduce greenhouse gas emissions has given us a return,” Mahindra Rise chairman...