Even as India moves to build out a domestic semiconductor manufacturing ecosystem to reduce its reliance on imports, the country’s ambition could be headed for troubled waters – it faces an overall doubling in the risk from flooding, as a consequence of climate change, in the next three decades or so.
According to Moody’s risk management solutions, by 2050, the costs of flooding are expected to rise by around 30 per cent, from water stress by 35 per cent, sea level rise by 60 per cent, and heat stress by 150 per cent by 2050 under a moderate climate change scenario.
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