Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP' which the world economies should embrace to tackle the burning issue of climate change together.
The Prime Minister said that the world should develop the concept of Green GDP to measure economic development.
"We must ask how much green GDP is out of the total GDP of a country. We need to think about changing the terminology around economic development," the Prime Minister told Microsoft Co-founder and billionaire philanthropist Bill Gates.
As India aims to become a $5 trillion economy, the concept of green GDP becomes a crucial factor, which takes into account the environmental costs of production.
PM Modi said that we should aim for nature-friendly innovation.
"India has created a Rs 1 lakh crore corpus fund to boost technological innovation in sunrise sectors, which provides 50-year interest free innovation to young entrepreneurs for research on future technologies, including how to save the climate."
According to the Prime Minister, living a climate-friendly life is crucial too.
"All growth metrics are anti-climate today like which country is consuming more energy or using steel and we tend to follow that. This mindset needs to be changed," PM Modi told the billionaire philanthropist.
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India's GDP growth in Q4 of 2024-25 expected at 6.8-7 per cent: Report
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Operation Sindoor reflects PM Modi’s resolve, seamless intelligence, and armed forces’ power: HM Amit Shah
Union Home Minister Amit Shah on Friday lauded ‘Operation Sindoor’, India’s counterstrike in response to the deadly Pahalgam terror attack that claimed 26 lives, as a defining moment in the nation’s evolving security architecture.
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Priority given to development of border villages in North Eastern states: Union MoS Dr. L Murugan
The Union Minister of State for Information and Broadcasting and Parliamentary Affairs Dr. L Murugan on Thursday arrived here at Agartala on a two-day visit to the state and laid emphasis on proper implementation of the flagship programmes of the Prime Minister.
MHA sanctioned another Tripura State Rifles battalion: CM Saha
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CM Dr Manik Saha seeks support from DoNER ministry for AIMS in Tripura
Chief Minister Dr Manik Saha on Thursday attended the second meeting of the High-Level Task Force on Investment Promotion in the North Eastern Region chaired by the DoNER Minister Jyotiraditya Scindia and sought support of the ministry for establishment of AIMS in Tripura.