India’s Infrastructure Spending Crosses 3% of GDP as Climate Risks Push Insurance to the Brink: Report
India’s infrastructure spending has crossed three per cent of gross domestic product, but rising climate risks are increasingly threatening the insurability of critical assets such as highways, ports, hydropower projects and urban infrastructure, according to a new report by Climate Trends. The analysis warns that as climate impacts become more frequent and predictable, some regions of the country could move dangerously close to the threshold of uninsurability, raising serious fiscal and financial concerns for governments, insurers and investors.
Titled Climate Risks and Insurance for India’s Infrastructure, the report finds that floods, cyclones, landslides and extreme heat are inflicting growing damage on capital-intensive infrastructure, pushing insurance premiums higher and exposing...









