Higher Economic Development reduces the impact of flood in India- Sambal member upload

Higher Economic Development reduces the impact of flood in India It is common fact that any disaster causes heavy losses in terms of human life, property and livelihood. India which ranks first in terms of disaster fatalities, 3rd in Global risk

BY: Sanjay Pandey
Organization: Yuganter
Original Source / Author: Yashobanta Parida 21 Jun, 2017

Higher Economic Development reduces the impact of flood in India

 

It is common fact that any disaster causes heavy losses in terms of human life, property and livelihood.  India  which  ranks    first in terms of disaster fatalities, 3rd in Global risk index and twenty six in terms of disaster losses per unit of GDP in the year 2013 (Global Climate Risk Index, 2015), suffered loss of around 2%  of GDP and 12% of the state and central government revenue in all forms of natural disasters during 1996-2000. It is great challenge to check this loss.

 

Inverse relation between Development and disaster loss

 

One way to reduce this loss is the rapid economic development, that is, increase in per-capita income. This fact has been brought forth in  one empirical study by Yashobanta Parida, PhD Scholar, Jawaharlal Nehru University, New Delhi, who has examined the relationship between socio-economic development and flood impact in case of Indian states. Finding is that higher economic development (proxied by real per capita income) can significantly reduce human mortality and economic losses due to flood disaster. The study also finds that the Government expenditure on natural calamity can minimize the damages due to flood.

 

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