Insurance #parametric insurance#climate risk
Parametric climate insurance can safeguard India's ₹52 lakh crore agriculture economy in El Niño year
India's agriculture is increasingly exposed to structural climate risk, with 2026 predicted to be an El Niño year and seasonal rainfall already 13 per cent below normal. The Hindu Business Line reports that parametric climate insurance — with localised triggers, fast payouts and clear thresholds — can safeguard the ₹52 lakh crore agriculture economy. The article urges expansion of PMFBY and links insurance with adaptation.
Aug 1, 2026 1 source