Impact of Disasters and Climate Risks in South Asia
South Asia is highly prone to weather and water-related disasters such as flooding, drought, thunderstorms and cyclones.
In the past two decades, more than 50% of South Asians, or nearly 750 million people, have been affected by at least one natural disaster.
The social and economic costs of such hazards is staggering and left almost 230,000 people dead and $45 billion in damages between 1970 and 2008.
In India, direct losses incurred from natural disasters in 2003 equaled 2% of the country’s GDP and about 12% of its revenue. Pakistan has suffered $16 billion in losses since 2005. In Bhutan, damages caused by the 2009 Aila cyclone edged $17 million.