The country is experiencing severe drought across large areas affecting 330 million. Over exploitation of our rivers and groundwater for water intensive Green Revolution crops and de-struction of the water holding capacity of soils through chemical fertiliser are the major reasons for the drought crises. In addition, drought con-tributed by climate change to which Industrial Agriculture contributes 50% is intensifying droughts and floods.
The rough estimates of the cost of the 2016 drought of the Indian economy is at least Rs. 6,50,000crore or 100 billion dollars.
Floods in 2013 - 14 in 4 states have led to economic losses of over Rs. 19,000 crore and affected 19.3 million people. Apart from this the Uttarakhand floods alone caused over Rs.3000crore loss.