How hot summers create problems in indian economy.
The Indian economy is one of the top 10 economies of the world. It has increased immensely in the past few years with decades of hard work and decades of effort.
The economies are frequently fluctuating for global reasons and domestic issues.
As a rapidly growing state, India has suffered major economic crises in the past also, like the 1991 LPG reforms, COVID-19, the Great recession, Demonetisation.
Do you know India constantly suffers in summer also ?
*Agriculture & Food Security is one of the prominent and sensitive areas, where it impacts deeply. Nearly 60% of the above percentage of India is still somewhere dependent on agriculture sector. When it comes to food storage and supply chain management, food products are a big task. It has a high chance of food spoiling the environment due to heat and severe climatic conditions. Uneven rains due to global warming, water shortages, droughts. Food storage warehouses have many private and government places where protecting food is a difficult task.
* The labour force and management of India suffer a lot during intense heat waves, the productivity reduces, and the results are numb. The workers usually fall ill or skip work due to harsh temperatures. The lack of facilities in the workplace is also a critical issue.
* Health issues in summer seasons are normal, from dehydration to heat strokes, especially for the labour working in construction, industry and street workforce. There might be a cause of death in many workplaces.
The water resources are reduced to severe temperatures, droughts, rivers and lakes dry up. The lack of water impacts all sectors, which has a deep impact on the economy.
According to the past data, around a 159 billion dollar loss in 2021 and in 2022, a 219 billion dollar loss hit India economically. What about 2025 and 2026? Its astonishing figures totally change the dynamics of the economy. Every part of our country needs to be taken care of and analysed to rectify the issues which can reduce the crisis. These are a few examples which we have provided. If we think deeply and the government analyses the problems even more deeply, it could save billions of dollars.
How should the government handle economic losses and productivity?
* Help the labour workforce with incentives and facilities to work efficiently and provide them with equipment for productive work.
* Facilitating subsidies and crop assurances to the farmers for summer losses.
* Campaigns and promotions for safe summer work progress.
* Water resource management systems in summer.
* Special teams for assessments for summer productivity meetings at the top level.
* Strict rules for public and private insitutions for paying less and avoiding facilities to labour when they work.
* A committee should be formed for losses during summer seasons.
