Economics of climate extremes: Evidence from India

This paper explores the links among natural disasters, climate change in the context of India. It is clear that the Climate change and increasing disasters have positive relation. The paper summarizes the limited knowledge of the long-term economic impact of natural disasters. It is necessary to draw links among disasters, conflicts, resource management, and other transmission channels to develop an appropriate response to natural disasters. This paper express the economic consequences of climate extremes, and It also argues for more work on the links between climate change and disasters and a new way of looking at disaster resilience as a continuum to development strategies. This paper studies the policy implications and the need for reforms. This paper discusses the imperativeness of coordination among the centre and the state the challenges that have to be overcome in order to achieve sustainable development.