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Wednesday, September 16, 2009

Agriculture output to decline in India- World Bank

According to a World Bank report, agriculture output in India is likely to dip by upto 9% in the next 30 years due to climate change. The reason why India is so venerable is because of its geography as well as high level of poverty and population density. The Chief Economist of the World Bank believes that developing countries face 75-80% of the potential damage from climate change and that they urgently need help to prepare for drought, floods, and rising sea levels. It is estimated that global warming of 2 degrees celsius above pre-industrial temperatures - the minimum the world is likely to experience - could result in permanent reductions in GDP of 4% to 5% for South Asia. With the population growing at 1.5% annually the government needs to take urgent steps if India is to be a major player on the world stage.

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