Economic Challenger Issue 81 Oct-Dec 2018 | Page 4

EDITOR’S DESK KERALA FACES BIGGEST NATURAL CALAMITY IN HUNDRED YEARS For the past several days Kerala 'The God's Own Country' is facing natural calamity caused by floods worst in past 100 years. Nearly all of 14 districts of Kerala are suffering from floods due to heavy rains, swelling of rivers and mismanagement of dam waters releasing water all of a sudden. Flood has rendered most of the population suffer heavily. Most people have lost their homes and they do not have clothes to wear and food to eat. Even flood water has surrounded the inhabited areas all around but there is no dinking water, no medicines and no shelter. Nearly 3879 camps have been set up to help people where more then 14.5 lac people are taking refuge. Overall 20 lac people are affected. The death toll due to flood is 370. This calamity has taken Kerala 15 years' back in its economic development. The economy has suffered a loss of nearly ` 20,000 crore and industry, trade and agriculture have suffered very badly. Rice fields are submerged in water for more than 10 days leaving no chance to save the crop. There is loss of life, livelihood, homes, road, bridges, power lines, public infrastructures and almost everything. The socio-economic fabric is very badly shattered. The tourism industry expecting a big tourist inflow in ONAM Festival is now disappointed. ONAM is being celebrated on 15th August to 27th August but the festival purchases by the general public will be negligible because of destruction caused by the flood. There will be no peak period of shopping now in ONAM for consumer goods and durables losing, trade to the tune of nearly `3000 crore. Agriculture sector will suffer a loss of more than `1000 crore and the plantation sector alone will account for a loss of ` 700 crore. The plantation sector which was already battling with high cost and law productivity has now been ruined by floods. About 60% of the rubber and 50% of tea plantations have been destroyed. Similarly cardamom, coffee, clove and pepper crops are facing total ruin. Most of the tourist spots like Munnar, Thekkady, Kuttanad, Kumarakam, and Wayanad have been hit by rains and floods. The Neelakurinji flower in Munnar that blossoms once in 12 years attracting hoards of tourists will now be delayed or stopped in August. The main tourism sector that begins in October each year will also be impacted. The main challenge before the Kerala State is now to revive the economy and help the distressed families suffering due to devastating floods. The Central Govt. and people all over the country will do their best to help the state financially and reconstruct the damaged infrastructure quickly. ✤ ✤ ✤ 2 Economic Challenger// ISSN 0975-1351/ Issue 81, October - December 2018