India suffered an income loss of $159 billion, 5.4% of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report.
Oxfam has called on the leaders of the G7 countries to pursue greater cuts to emissions or face economic consequences worse than those caused by coronavirus.
Cyclone Amphan, which wreaked havoc in several eastern Indian states in May 2020, earned the notoriety of being the world's costliest natural disaster at an estimated economic loss of over one lakh crore rupees.
