S Asian countries lose 2-16% of GDP to “natural” disasters

Posted on October 16, 2006  /  0 Comments

Zee News – South Asian countries lose 2-16 % GDP in natural disasters

“Studies show two to 16 per cent of the gross domestic product (GDP) of South Asian countries is lost every year due to natural disasters. They also show a dollar spent on mitigating disasters saves five dollars to be spent subsequently on relief and rehabilitation.”The point of course being that there’s nothing natural about this horrendous loss of lives and growth. It is because we do not take the necessary human actions and engage in the required institutional reforms, that these losses are as high.

The micro-level approach that is being proposed in India has significant similarities to the objectives of the HazInfo project and Sarvodaya’s overall approach to disaster preparedness.

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