India braces for Biparjoy: Economic consequences loom as infrastructure, livelihoods to take a blow

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Indias Prime Minister Narendra Modi and Home Affairs Minister Amit Shah are busy with review meetings ahead of severe cyclonic storm Biparjoy that is set to hit Gujarat on June 15, before moving to Pakistan..

While critics look at their hyper-preparation as biased towards their home state, the truth remains that such natural calamities have a daunting impact just not on lives but on the infrastructure and economy that have seen solid resurrection over the years...

The India Meteorological Department (IMD) has forecast that Biparjoy will make landfall between Gujarat and neighbouring Pakistan's Karachi, with wind gusts potentially reaching a maximum speed of 150 kilometres per hour...

Asia at large, and countries like India in particular, need to be far better prepared for extreme weather and climate shocks, which are likely to intensify as the impact of climate change becomes more evident, said Swarup Gupta, financial services lead and head, ESG ratings service, at Economist Intelligence Unit...

According to a UN report, India suffered economic losses of around Rs 1.16 lakh crore due to cyclone Amphan, which struck the India-Bangladesh border in May 2020, amid the second wave of the pandemic that had shuttered economic activities and rendered millions jobless...