Key Points
The economic loss of the floods is estimated to be in the range of Rs 10,000-15,000 crore, as per SBIs research report, Ecowrap..
The report stated that the heavy toll of these floods, as well as natural disasters such as the recent Biparjoy cyclone, is a matter of grave concern for the country..
The report added that almost 41 per cent of natural disasters occurred in the form of floods, followed by storms...
Of the total $275 billion economic losses globally due to natural disasters in 2022, $125 billion was covered by insurance..
If we consider 2020 floods in India, the total economic loss was of $7.5 billion (Rs 52,500 crore) but insurance cover of only 11 per cent, it said...
You might be interested in
India climbs eight places to 127 in global gender index, says WEF report
21, Jun, 23The index ranked India's neighbours Pakistan at 142, Bangladesh at 59, China at 107, Nepal at 116, Sri Lanka at 115 and Bhutan at 103.