Real Cost of Natural Disasters

Based on the geo-climatic and socio-economic conditions, a few states in India are more vulnerable to specific natural disasters than others. Frequent natural disasters have resulted in human casualties and the loss of physical capital. Moreover, natural disasters adversely affect different sectors of the economy and livelihoods of millions of poor people in developing nations. During the Covid-19 pandemic, natural disasters also increased the government’s fiscal pressure through rehabilitation and relief distribution measures.