India loses USD 9.8 billion every year due to disasters

May 04, 2015 17:02

India loses USD 9.8 billion every year due to multi-hazard disasters as its 58.6 per cent land is prone to earthquake and 8.5 per cent area is vulnerable to cyclone.

As per the United Nations Office for Disaster Risk Reduction's (UNISDR) Global Assessment Report on Disaster Risk Reduction (GAR) 2015, risk profile of India estimates that Average Annual Loss (AAL) from multi-hazard disasters in India is approximately USD 9.8 billion per year, according to a Home Ministry note.

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