Disasters cost India $10bn per year: UN report

A new United Nations global assessment report on disaster risk, released last week, says India’s average annual economic loss due to disasters is estimated to be $9.8 billion. This includes more than $7 billion loss on account of floods.

The global assessment report (GAR) 2015, produced by the UN Office for Disaster Risk Reduction (UNISDR), has urged countries, particularly in Asia, to treat this as a wake-up call and make adequate investment in disaster risk reduction (DRR) or it will hinder their development.

“The report is a wake-up call for countries to increase their commitment to invest in smart solutions to strengthen resilience to disasters,” head of UNISDR Margareta Wahlstrom said.

CLICK HERE to read further

Via – The Times of India

Advertisements