Financing Disaster Risk Reduction – The Indian Context

Presentation to the Expert Group Meeting on Effective Strategies for Mainstreaming Disaster Risk Reduction in Asia and the Pacific, Bangkok, 26-28 November 2013

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Abstract

Investing in DRR is very important for India as it is amongst the most disaster prone counties in the world. India is subject to various types of disasters including earthquakes, cyclones, tsunami, floods, landslides etc. The fact that it is a developing country also implies greater vulnerability and lower resilience to disasters. According to the World Bank India loses up to 2% of its GDP and 12% government revenue to direct losses arising from disasters. This paper analyses the present mechanisms for funding DRR and outlines a way forward.