Question

Flood in kerala how it will affect ppc curve

Answer 1

The trail of devastation left by the recent floods in Kerala included 12 lakh people rendered homeless and more than 300 dead. According to initial estimates, property worth more than Rs 20,000 crore has been lost and insurance companies have already received claims worth Rs 1,000 crore.

While the floods wreaked havoc on the finances of people living in the state, they could also have an impact on the portfolios of thousands of others elsewhere as stocks of companies with links to Kerala are bound to be affected. For instance, insurance claims are expected to shoot up and could affect the health of insurance companies. However, the impact will be limited because most of these policies are already reinsured with international players.

Answer 2

Various business in Kerala have lost an estimated rs 30000 crore to 40000 crore from the direct and indirect damages according to business today article.

Direct loss alone in terms of capital investment and machinery are 20000 crore. Another 10000 to 20000 crores are estimated to be indirect loss.

Travel and tourism industry have seen maximum damage as crucial destinations like Munnar, Alleppy were badly hit due to landslides flood. 500 crore direct loss in infrastructure. Losses in Cochin international airport is nearly 250 crores.

Plantations in Kerala like ginger, black pepper are lost nearly 900 to 1000 crores.

Floods are ravaged agriculture land of 46000 hectare.