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"Construction and agriculture are likely to be impacted more. Within agriculture, the vegetable output might get impacted more, as most of the cereal sowing will start later," said Sunil Kumar Sinha, principal economist, India Ratings and Research.
As India braces itself for another scorcher of a summer — with the India Meteorological Department forecasting more heatwave days than usual — companies are putting in place measures to provide some relief to workers.
As India braces for a hot summer ahead, companies across various sectors are implementing measures to protect their workers from the scorching temperatures. From ecommerce giants to real estate developers and oil companies, efforts include restricted work hours, flexible schedules, resting areas, access to refreshments, healthcare facilities, and breathable clothing.
Our new report South Asia Development Update—Jobs for Resilience—focuses on three key areas necessary for a brighter future: robust private investment, vigorous job creation, and an environment that facilitates climate adaptation by households, farmers, and firms.
The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.