Background and Need India as a natural disaster-prone country India is known to be a natural disaster-prone country. In the words of UN Secretary General Antonio Guterres, India is the third worst-hit country by natural disasters since 1995 (The Economic Times, 2017 Sep 17). It was reported that 30% of India's geographical area is prone to severe earthquake, another 27% is prone to moderate earthquake and 12% is prone to floods. Besides, 76% of India's coastline is prone to cyclones and tsunami. India witnessed a number of massive and destructive natural disasters of various types such as Odisha Cyclone in 1999 causing the death of over 10000 people, Gujarat earthquake in 2001 (death toll: over 25000), Indian Ocean Tsunami in 2004 (death toll: over 11000), Mumbai Floods in 2005 (death toll: over 5000), Kosi Floods in Bihar in 2008 (death toll: over 500), Utharakhand Floods in 2013 (death toll: over 6000), J&K Floods in 2014 (death toll: over 400), Cyclone HudHud in Visha...
Assistant Professor of Economics, M.E.S. Mampad College (Autonomous), Kerala, India