India Drought 2015: Climate Change Biggest Threat India Economy, Modi Finance Aide Says

Posted by Business Times: None Given on November 2nd, 2015
Business Times: Climate change is threatening to derail India’s fast-growing economy, a top aide to Prime Minister Narendra Modi said this week. Erratic monsoon rain patterns have left crops parched, jeopardizing India’s nearly $370 billion agricultural sector and hundreds of millions of jobs. “The No. 1 risk we face is global climate change, because we are still very dependent on the monsoon,” Jayant Sinha, the country’s junior finance minister and a Harvard Business School graduate, told Bloomberg News. “The......

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