Accelerating Agriculture Insurance
Indian agriculture is dependent on Monsoon in such a way that any deviation in the onset or departure of the monsoon largely affects agricultural productivity in the entire Indian subcontinent by leaving farmers in the lurch. Indian Monsoon is a complex phenomenon and reportedly climate change has further accentuated the situation, with each year surpassing the earlier records. The year 2015 was declared the warmest year on the earth, which was superseded by the subsequent year of 2016. 2017 too could have followed a similar trend but narrowly escaped on the account of La Nina in the last quarter of the year. The global temperature profile has been showing a rising trend. It is estimated, by 2050, we can anticipate an overall rise of 1-degree centigrade or more. A combination of Climate Change, Global Warming, and a strong El Nino has created unusually warm weather conditions since records began in the year 1950. The rising global temperatures have resu...