With India too witnessing a change in its weather patterns, researchers believe climate change may not only challenge the country's conventional development pathways but also pose a serious threat to its economy.

Considering that climate change is the single biggest existential threat the country faces today, they say greenhouse gas reduction must happen immediately and call for green financing to combat climate change threats. The southwest monsoon rainfall in India has been below average in five of the last six years. And if the rainfall remains below average this season, it will be for the third consecutive year.