Floods In India Led To Highest Economic Losses Worth $45.7 Billion Between 1998 And 2017
Floods In India Led To Highest Economic Losses Worth $45.7 Billion Between 1998 And 2017

Floods In India Led To Highest Economic Losses Worth $45.7 Billion Between 1998 And 2017

Floods in India were responsible for the highest economic losses amounting to $45.7 billion between 1998 and 2017 as per a recent report.

Hindustan Times reported losses that were caused to India doubled within 10 years till 2017 as opposed to the previous decade of 1998-2007. The alarming figures were highlighted in a new report published by the Action on Climate Today, a UK-based initiative that works with South Asian governments to build resilience against climate change.

‘Assessing India’s Mounting Climate Losses to Financial Institutions’ emphasisedthat the number of extreme weather events have been increasing in India.

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