Why is the Indian Economy still affected by Floods and Droughts?

Now-a-days, economy of a country shows its status and reputation in the international community. This is mainly because, stronger the economic condition of a country more is the probability that it can sustain on its own in case of disasters like the recent recession in the financial market, floods, earthquake, war etc.

Different countries have different techniques to make their economy stronger than the rest, but some win whereas others fail. In spite of this, still there are some nations which had their economy strongest mainly because of huge oil resources like Iraq, Iran etc, new technological innovations, etc. These nations had formed organization that make reforms for international trade in which they ensure that the other nations never surpass them or they never had to face loss for the deal. Just like India is exporting a tones of mangoes for one Harley Davidson bike from US. Now, does that sound anyway benefiting our country?

Indian economy is one of the largest in the world. Our economy is just like a banyan tree where it had a number of hanging roots and one main root. If the tree is to be harmed it had to be struck on the main root which is the main support of the tree. This main support in case of our economy is agriculture, since ours is an agrarian country. India is a land of villages and majority of villagers had agriculture as their main profession.

Now factors which affect agriculture are finance for buying various equipments, seeds, fertilizers, etc., natural calamities, availability of water, weather, transport etc. So our government is working on canals for water availability, better roads for transport, and loan facilities at low interest rate for farmers and providing a medium to sell their products at market price. Having agriculture as our main occupation guarantees food security of our country but the reality is far away from it because of selfish needs of some people.

Most of us haven't lost the trail of the bear run in the financial markets a few months back, the Foreign Institutional Investors withdrew their money from our stock exchange since different countries across the globe were either driving into recession or were in its path. But India was able to dodge its effect; this is mainly because of its economic dependence on agriculture.

Presently, drought in our country affected various crop production which indeed increases the price of various essential commodities like food grains and various agro based products. But the warning was given on time that the rain patterns will be different this time. Similarly, floods cause huge devastation. Almost nothing can stand in front of its fury. Each year states like Bihar, West Bengal suffer from floods however, concrete measures are absent.

But the precautions weren't taken; mainly because of assembly elections in various states. So finally realizing the consequences of the natural calamities the government has finally woken up to do their best to improve the situation because if they didn't then our economy will have an irreparable damage. These are situations which are beyond our control but this is one of the disadvantages of our main livelihood but if proper precautions and measures are taken then we can isolate our economy from any external effects.

-Rishi Mandali