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Study finds natural disasters in India cause major financial strain on states, especially those coastal.
Researchers at the Indian Institute of Technology Bombay studied the financial impact of natural disasters like floods and cyclones on Indian states from 1995 to 2018.
They found that disasters significantly increase state expenditure on relief and reconstruction while decreasing government revenue due to economic disruption.
Coastal states face higher costs.
The study suggests public-private partnerships, tax incentives for resilient infrastructure, and flexible budgets to mitigate financial strain and build resilience against future climate impacts.
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