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India’s 2025 winter smog crisis severely disrupted economy, costing $260B and halting construction, reducing spending, and hurting retail and real estate.
India’s recurring winter smog season is increasingly harming economic performance, with Delhi and Mumbai facing construction halts, reduced consumer spending, and lower retail profits due to hazardous air quality.
In 2025, the term "air pollution" appeared 988 times in BSE AllCap earnings reports—the highest since 2021—reflecting growing business disruptions.
The economic cost of pollution reached $260 billion in 2024, including $74 billion in lost consumer spending.
Retailers and real estate developers report significant delays and declining revenues, prompting shifts to enclosed, air-conditioned commercial spaces in high-pollution zones.
La crisis de smog del invierno de 2025 en la India interrumpió gravemente la economía, costando $ 260B y deteniendo la construcción, reduciendo el gasto y perjudicando el comercio minorista y el sector inmobiliario.