India, home to 1.2 billion people, is one of the fastest-growing economies in the world. It is also vulnerable to several types of natural disasters, including cyclones, earthquakes, droughts, and floods. According to the Ministry of Home Affairs in India, annual economic losses from natural hazards have more than tripled during the last three decades, with losses during this period estimated at over USD 48 billion.
Roughly 60% of India's landmass and more than 5,700 kilometers of the coastline is exposed to tropical cyclones. And while cyclones in India are well known for their powerful and destructive winds, they can also produce copious amounts of rainfall, which can lead to inland flooding—a significant driver of loss in the region.
Source: AIR - A Verisk Business