A four-point guide for the Modi government to make India a carbon-smart economy

The declared intention is to prevent carbon leakage into the EU and encourage countries to implement climate change. The concerns of India and many others regarding the discriminatory nature of policies such as CBAM cannot be dismissed. However, realism also requires adapting to the reality of the market and really taking advantage of the situation. India's Foreign Trade Policy (FTP) 2023 outlines a vision to increase the country's exports of goods and services to $2 trillion by 2030, from the current $750 billion. It's an ambitious goal. A key area to focus on is building climate advantage by positioning India as a climate conscious and competitive market. (Jagjeet Sareen, The Economic Times)