Citation:

Aswathy Ann Thomas, Dr. D. Merlin Juliet Arul Thangam. "Economic Impacts of Climate Change in India: Implications for Central Banking and Financial Stability" International Research Journal of Economics and Management Studies, Vol. 5, No. 3, pp. 144-146, 2026. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V5I3P117

Abstract:

Climate change poses severe challenges to the Indian economy. Changing temperatures, unpredictable weather, and extreme events have already disrupted various sectors of the economy. This paper synthesizes the existing literature on the economic impact of climate change on India. It will focus on the various channels through which the economy and various sectors will be affected. This paper further delves into the impact of climate change on central banks and financial stability. Further, emphasis is placed on the initiatives taken by the Reserve Bank of India (RBI) to address climate- related risks.

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Keywords:

Central Banking, Climate Change, Monetary Policy, Green Central Banking.