IIT Bombay study reveals financial impact of disasters on Indian states, calls for stronger preparedness and climate resilience
A recent study conducted by researchers at the Indian Institute of Technology (IIT) Bombay analyzed the financial impact of floods and cyclones across 25 states in India. The study, which covers a span of 23 years (1995–2018), highlights how the damage caused by these natural disasters severely affects the states’ budgets on an annual…