The government is considering introducing a nationwide carbon market to meet its climate commitments while protecting economic growth.

The government is considering introducing a nationwide carbon market to meet its climate commitments while protecting economic growth.

The government thinks it will be able to solve its commitment while introducing carbon market, which is just one step with major constraints .
The government is actually endangering reduction in industrial output as due to restriction MNCs will move to more profitable country, which will raise unemployment specifically in ow skill worker class And instability in market economy.
India is assumed to have advanced technology for this national change which is right now is the biggest constraint for underdeveloped states with insufficient capital and incentive.
The assumption of sufficient resources,and technological developments in all states is unjust which will make this scheme insufficient.
economic growth is nuanced , on the ground level it will slow down economic growth.
The big industrialists having significant control over Indian market economy will quietly but significantly oppose this due to increased restrictions and limitations resulting in reduced profit.
If this is operated in selective sectors with slow, manageable change while improving tech and rural employment in other sectors then this policy may actually meet its target.