By 2040, it is possible that the Arctic may not have any ice in the summer. Mention any potential effects on the waters. Talk about how this scenario will impact India as well. (Answer in 150 words)
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India’s investment rate, though among the highest in the world, has declined to about 31% of GDP as an average of 2015-16 to 2019-2020 from its peak of 39% in FY2012 (CEIC data). Corporate sector accounts for only about half of total investments, amounting to about 15% of GDP. Considering the infrastructure deficit, the government of India has taken several steps to revive private investment e.g., National Asset Reconstruction Company Limited (NARCL), and India Debt Resolution Company Limited (IDRCL) for aggregation and resolution of Non-Performing Assets (NPAs) in the banking industry, Insolvency and Bankruptcy (Amendment) Code 2021, reduction in corporate tax, and the Production Linked Incentive Scheme (PLI), etc. The share of private sector in gross fixed capital formation in India remains muted due to following reasons:
If India has to achieve 8% plus real GDP growth on a sustained basis, it must revive private investment to over 25% of GDP from the current level of 15%. In budget 2022-23, the capital expenditure has been raised to 35.4% of GDP to continue the public investment-led recovery of the pandemic-battered economy. This, along with the global geo-political situation in Europe, tightening of monetary policy in the USA and relatively stable macroeconomic conditions in India, is expected to create a scenario where India can attract more private investments in the near future.
If the Arctic is ice-free in summer by 2040, it will affect the oceans greatly. The Gulf Stream and other ocean currents could gradually decrease in speed thus changing the patterns of the Indian monsoon and El Niño. The responsiveness of the jet stream may increase and generate severe weather conditions. Changes in the Arctic marine environment with direct impacts on the habitats and food sources of the marine organisms. There may be new shipping lanes leading to more business activities but also increased rivalry and resulting layoffs of workers. There are expected increases in sea level which would have impact on coastal cities and regions such as the Sundarbans in India. Monsoon patterns will change in India, producing changes in rainfall and its effects on agriculture. There could be changes in the frequency and intensity of heatwaves, droughts, and flooding regimes. In conclusion, an ice-free Arctic in summer by 2040 will impact all the oceans and the climatic, economical, and ecological conditions of India.
An ice-free Arctic will have drastic effects on the oceans of the world. This continuous loss of sea ice would accelerate global warming because dark ocean waters will absorb more sunlight than the reflective ice. It will result in the albedo effect, contributing to higher global temperatures and further melting the ice. It would not only disrupt marine ecosystems by endangering many species but also alter oceanic food webs and biodiversity.
Additionally, the melting ice will also affect the ocean currents. It will release freshwater into the ocean, disturbing the thermohaline circulation, which is crucial for maintaining climate balance globally. Everyone has already started experiencing its effects, like changes in weather patterns, increased extreme weather events, altered precipitation patterns worldwide, etc.
India will also face the consequences of all these catastrophic variations. All the changes in ocean temperatures and currents may significantly impact India’s monsoon, which is important for agriculture. It will threaten food security and water resources, affecting the millions. The melting ice will lead to rising sea levels, eventually resulting in coastal erosion, flooding, and saltwater intrusion. This phenomenon will mainly affect the coastal regions of Mumbai and Kolkata. Moreover, it will also decline the fish stocks of India’s fishing industry, which is a vital economic sector and food source of many coastal communities.
1. Global Oceanic Impact:
– Sea Level Rise: Melting Arctic ice contributes to sea level rise globally. As sea ice melts, it doesn’t directly raise sea levels (since it displaces its own weight in water), but the loss of ice from Greenland and Arctic glaciers does contribute significantly.
– Altered Ocean Circulation:The Arctic plays a crucial role in global ocean circulation patterns, particularly through the thermohaline circulation (ocean conveyor belt). Changes in sea ice extent can disrupt this circulation, potentially affecting climate patterns worldwide.
– Habitat Loss: Arctic sea ice provides critical habitat for various species, including polar bears, seals, and Arctic seabirds. Melting ice threatens their habitats and food sources, leading to potential population declines.
2. Specific Impact on India:
– Sea Level Rise:Coastal areas of India, particularly low-lying regions like the Sundarbans in West Bengal and parts of Gujarat and Kerala, are vulnerable to sea level rise. This could lead to increased coastal erosion, salinization of freshwater sources, and displacement of coastal communities.
– Monsoon Patterns: Changes in Arctic ice can influence atmospheric circulation patterns, potentially affecting the Indian monsoon. Variability in monsoon patterns could impact agriculture, water availability, and livelihoods across the country.
– International Relations: The opening up of Arctic sea routes due to reduced ice cover could present opportunities and challenges for India. It could potentially shorten shipping routes between Asia and Europe, affecting maritime trade and strategic interests.
In conclusion, the melting of Arctic ice and the prospect of an ice-free Arctic by 2040 will have far-reaching consequences for oceanic conditions globally, including sea level rise and changes in ocean circulation. India, as a coastal nation and a country highly dependent on monsoonal rainfall, faces specific risks related to sea level rise, altered monsoon patterns, and potential geopolitical shifts due to changes in Arctic dynamics.
– Sea Level Rise: Melting Arctic ice contributes to sea level rise globally. As sea ice melts, it doesn’t directly raise sea levels (since it displaces its own weight in water), but the loss of ice from Greenland and Arctic glaciers does contribute significantly.
– Altered Ocean Circulation:The Arctic plays a crucial role in global ocean circulation patterns, particularly through the thermohaline circulation (ocean conveyor belt). Changes in sea ice extent can disrupt this circulation, potentially affecting climate patterns worldwide.
– Habitat Loss: Arctic sea ice provides critical habitat for various species, including polar bears, seals, and Arctic seabirds. Melting ice threatens their habitats and food sources, leading to potential population declines.
2. Specific Impact on India:
– Sea Level Rise:Coastal areas of India, particularly low-lying regions like the Sundarbans in West Bengal and parts of Gujarat and Kerala, are vulnerable to sea level rise. This could lead to increased coastal erosion, salinization of freshwater sources, and displacement of coastal communities.
– Monsoon Patterns: Changes in Arctic ice can influence atmospheric circulation patterns, potentially affecting the Indian monsoon. Variability in monsoon patterns could impact agriculture, water availability, and livelihoods across the country.
– International Relations: The opening up of Arctic sea routes due to reduced ice cover could present opportunities and challenges for India. It could potentially shorten shipping routes between Asia and Europe, affecting maritime trade and strategic interests.
In conclusion, the melting of Arctic ice and the prospect of an ice-free Arctic by 2040 will have far-reaching consequences for oceanic conditions globally, including sea level rise and changes in ocean circulation. India, as a coastal nation and a country highly dependent on monsoonal rainfall, faces specific risks related to sea level rise, altered monsoon patterns, and potential geopolitical shifts due to changes in Arctic dynamics.