Neelkanth Mishra on Climate Change, Monsoon 2026 & India's Growth Story

Explore this Open Dialogue podcast episode with Neelkanth Mishra on climate change and the Indian economy, climate risk, inflation in India, monsoon volatility, and GDP growth. With the monsoon 2026 season back in focus, after a weak June and a steadier July, El Nino is set to hit by August. So what does this mean for a $4-trillion economy aiming for $5 trillion and beyond?Climate change is no longer just an environmental issue, it's a macroeconomic force. Extreme heat, erratic monsoons, and crop failures are already affecting inflation, productivity, and growth, while the shift to a low-carbon economy reshapes fiscal planning and capital flows. In this episode of the Open Dialogue podcast, Axis Bank's Chief Economist Neelkanth Mishra goes beyond the environmental headlines to unpack the real economics of inflation, monetary policy, and climate change, with India as the reference point.What We Explore• How climate risk feeds into inflation in India and complicates the RBI's mandate• Why extreme heat is becoming a drag on productivity and growth• What a 1°C rise means for crop yields and food security• How monsoon volatility shapes inflation and monetary and fiscal policy• Whether India can pursue Viksit Bharat without compromising climate resilience• The social cost of carbon and how to finance the transition within deficit targets• Why cities heat faster, and the low-cost interventions that cool themSpeakers:Sameer Shetty: Group Executive, Digital Banking & Strategic Programs, Axis BankNeelkanth Mishra: Chief Economist, Axis Bank & Head of Global Research, Axis CapitalGain actionable insights into climate economics, inflation, growth, and policy. Subscribe for more conversations on markets, policy, banking, and the Indian economy from Axis Bank.Recommended videos:▶️India's Economic Slowdown: What Happens Next? | Open Dialogue | Episode 47: https://youtu.be/Gmj2_GgZkgI?si=Fd20-jgvV4YHPeGm ▶️ Future Forward: What India’s Economy Looks Like in 2026 | Open Dialogue | Episode 41: https://youtu.be/rzMkhA-DuDo?si=UxiVFOeqRsyQsXnu ▶️Understanding the Energy-Economy Link: Global and Indian Perspective | Open Dialogue | Episode 32: https://youtu.be/w13VaINk7LY?si=thUc06H6ebfDvSJ6 🔔 Subscribe to the Open Dialogue podcast by Axis Bank to stay informed on the biggest shifts shaping India's economy, policy, and future.#AxisBank #OpenDialogue #climatechange #climaterisk #climateeconomics #monsoon2026 #monsoonupdate #monsoonnews #inflationindia #inflationinindia #inflationeconomics #inflationmacroeconomics #inflation2026 #monetarypolicy #fiscalpolicy #globalwarming #heatwave #agriculture #foodsecurity #indianeconomy #GDPgrowth #Viksitbharat #RBI #sustainability #climatefinance