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Floods to cost $215 billion per year in South Asia by 2030

The devastating floods, which are expected to increase in the coming decades, are already affecting more than 9.5 million people in the region each year.

As per the World Resources Institute’s global flood analyzer, floods in South Asia will cost as much as $215 billion each year by 2030. This year, nearly 1200 people have lost their lives to floods in Bihar, Assam, Mumbai, Bengaluru, Dhaka, Karachi and Nepal. The devastating floods, which are expected to increase in the coming decades, are already affecting more than 9.5 million people in the region each year, with GDP worth $14.4 billion and $5.4 billion at risk in India and Bangladesh, respectively.

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This news story was originally posted on India Water Portal