Consider the following statements regarding India’s climate adaptation strategies:

India’s adaptation spending has increased from 3.7% of GDP in FY16 to 5.6% in FY22, with the focus mainly on domestic funding.

International climate finance has been sufficient to meet the country's adaptation needs, especially with a focus on adaptation rather than mitigation.

Which of the statements given above is/are correct?

Question

Question

Answer 1

The correct answer is 1 only

Key Points

India has made significant efforts to adapt to climate change, increasing adaptation spending from 3.7% of GDP in FY16 to 5.6% in FY22. Hence statement 1 is correct
However, international climate finance remains insufficient, and much of the funding comes from domestic resources. Hence statement 2 is incorrect