The Economic Survey notes that India is highly vulnerable to climate impacts such as heatwaves, floods and changing monsoons, making adaptation a development necessity. At the same time, it points out that international finance flows for adaptation remain limited relative to needs. As a result, India has to allocate more domestic resources towards resilience, potentially crowding out other development priorities. This tension illustrates why climate finance and equity debates are central to discussions on people, development and environment.
Option A:
This option is incorrect because mitigation alone has not solved climate risks, and adaptation is still urgently required. The Survey explicitly brings adaptation “to the forefront” rather than dismissing it.
Option B:
This option is wrong as multiple documents highlight a shortfall, not a surplus, of adaptation finance. India and other developing countries argue that promised flows have not materialised adequately.
Option C:
This option misrepresents the empirical trends: analyses show adaptation-related expenditures have risen as a share of GDP, indicating increasing attention, not neglect.
Option D:
This option correctly captures the Survey’s emphasis that adaptation is both crucial and under-financed from international sources. It acknowledges the resulting pressure on domestic budgets and the need for supportive global climate finance arrangements.
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