What are the impacts of climate change on India’s economy
Explain how climate change, coupled with heavy population, makes India vulnerable and the possible effects on the economy.
- Increase in natural disasters, such as floods, droughts, and cyclones, which can lead to substantial damage to infrastructure, loss of lives, and disruption of economic activities.
- Increased heatwaves and extreme weather events can directly affect agricultural productivity, leading to reduced crop yields and loss of livelihoods for millions involved in the agriculture sector.
- Rising sea levels pose a threat to coastal areas, home to major cities and industrial hubs, increasing the risk of infrastructure damage and displacement of populations.
- The healthcare system is strained due to the spread of diseases arising from climate change, such as vector-borne diseases like malaria and dengue.
- Increased expenditure on disaster management and rehabilitation efforts diverts resources away from developmental projects, impacting overall economic growth.
- Loss of biodiversity and degradation of ecosystems can impact sectors such as tourism, fisheries, and forestry, affecting related livelihoods.
- The increased frequency and intensity of climate-related disasters can lead to social unrest and mass migration, further impacting economic stability.
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a year ago