Air pollution costs Indian businesses $95 billion every year, or 3% of the country’s Gross Domestic Product, and cuts annual consumer spending by $22 billion, according to a study released on Thursday.
Read the report: Air Pollution and Its Impact on Business: The Silent Pandemic
Every year, higher pollution levels shave off $1.3 billion from India’s IT sector in lost productivity, said the study by industry group CII; Clean Air Fund, a charity; and consulting firm Dalberg.
If New Delhi fails to clean its toxic air, the booming IT sector could lose more than $2.5 every year, the study warned.
New Delhi is the world’s most polluted capital, and India is home to 35 of the world’s 50 most polluted cities.
This article was originally shared by Reuters.