This year’s severe drought cost the Indian economy at least Rs 6,50,000 cr
Advertisement
Advertisement
A study has revealed that the severe drought in 10 states of India has impacted the economy by at least Rs 6,50,000 crore, affecting about 33 crore people from 256 districts, reveals an Assocham study.
"The rough estimate indicates that this drought will cost national economy at least Rs 6,50,000 crore or say USD 100 billion," it said.
Two consecutive years of poor monsoon has led to water shortage in majority of Indian reservoirs, and has also lowered the ground water table, thus posing a serious threat to the already drought-affected areas in as many as 10 states, including Maharashtra, Telangana, and Karnataka, the study by Assocham said.
The impact of this drought is likely to stay for at least six more months, given the time it takes for resources and time to revive the activities on ground, despite the fact that monsoon this year is predicted to be normal.
Advertisement
The impact is likely to be multiplied by the loss of subsidies on power, fertiliser and other inputs.
Image source
Advertisement
- Welcome to the white-collar recession
- Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- “Wish to follow in the footsteps of PM Modi!” ‘Anupamaa’ star Rupali Ganguly joins BJP
- “Wish to follow in the footsteps of PM Modi!” ‘Anupamaa’ star Rupali Ganguly joins BJP
- Assassin’s Creed Mirage on iPhone 15: Killer game to debut on Pro and iPad on June 6
- 5 worst cooking oils for your health
- From fiber to protein: 10 health benefits of including lentils in your diet