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.
The impacts of climate change on India’s economy are significant, primarily due to the country's heavy population and vulnerability to climate-related disasters. Here are some key points:
  • 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.
These impacts highlight the urgent need for India to adopt mitigation and adaptation strategies to minimize the economic risks associated with climate change.
Answered a year ago
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