India, Feb. 17 -- Banks and industry leaders warn rising urban heat could cut India's GDP by 2.5%

Financial institutions begin factoring heat as a "material risk" alongside floods and droughts

Textile and labour-intensive sectors flag safety and supply chain disruptions

Experts call for urban planning reform and greater investment in climate resilience

India's financial and industrial sectors are raising concerns over escalating urban heat, warning that rising temperatures could reduce the country's gross domestic product (GDP) by as much as 2.5 per cent if left unaddressed.

Speaking a day ahead of the Mumbai Climate Week, experts said major lenders and investors have begun reassessing their portfolios to account for heat-related vul...