India - Huge loss! natural disasters cost India $79.5 billion in economic losses in last 20 years: UN.

With global environmental organizations constantly warning dire consequences of climate change, a study released by the UN Office for Disaster Risk Reduction has revealed that disaster-related economic losses globally stood at about $3 trillion in the last two decades. India has been among the top five countries with absolute economic losses of about $79.5 billion between 1998 to 2017.

The US topped the list with $945 billion of disaster-related economic losses during the period, followed by China ($492 billion), Japan ($376 billion) and India ($79.5 billion). At least 91% of all major disasters recorded from 1998 to 2017 were climate-related, recording 7,255 events during the period, showed the report titled as 'Economic Losses, Poverty and Disasters 1998-2017', which evaluated total disaster-related economic losses and fatalities in last two decades.

While high-income countries posted losses from...