Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.
The water crisis is intensifying in India
– Photo: ani
expansion
The growing water crisis in India against the backdrop of scorching heat is damaging the country’s creditworthiness. Due to this crisis, not only the prices of food products will increase but people’s income will decrease. Due to these reasons, there may be a danger of social unrest in the country. India’s rapid economic growth, rapid industrialization and urbanization will reduce water availability in the world’s most populous country, Moody’s Ratings said in its “Environmental Risks Facing India” report released Tuesday. This crisis is also hurting the creditworthiness of those sectors that use large amounts of water. Water. Like… coal-producing companies and steel producers. The report comes at a time when the water crisis has become a political issue in some parts of the national capital.
Things are getting worse
The rating agency said the water crisis is worsening as the effects of climate change increase rapidly. This means that water scarcity is increasing in India. Because of this, climate-related events such as droughts, heat waves and floods are increasing. Besides the increasing number of natural disasters due to the negative effects of climate change, rapid economic growth also increases water consumption.
A level less than 1700 cubic meters indicates a water crisis
Citing data from the Ministry of Water Resources, Moody’s said India’s average annual per capita water availability is expected to fall to 1,367 cubic meters by 2031. This is already less than 1,486 cubic meters in 2021. According to the ministry, a level of less From 1,700 cubic meters indicates a water crisis.
(Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.)
source link https://www.amarujala.com/india-news/water-shortage-detrimental-to-india-s-credit-health-may-spark-social-unrest-moody-s-2024-06-26
