how do Climate of India affects its economy
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The RBI study reveals a direct causality between temperature and per capita GDP. Adverse climatic conditions are weighing heavily on India's economy. ... With an increase in population and economic activity, the cumulative level of greenhouse gas emissions has increased causing the average temperature to rise over time.
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A three-fold rise in extreme rainfall events and increased severe droughts have reduced crop yields and cause between $9 and 10 billion in damage per year to the agricultural industry alone. The same events also regularly bring India's urban economic hubs to a standstill.
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