Cyclone Floods Drive India’s Catastrophe Losses to $12 Billion in 2023
In 2023, natural disasters caused unprecedented economic losses of $12 billion (₹1 lakh crore) in India, according to a Swiss Re report. The year saw devastating floods and tropical cyclones (TCs) Biparjoy and Michaung, far surpassing the decade’s annual average of $8 billion in losses.
Cyclone Biparjoy, a Category 3 storm, made landfall in Gujarat’s Kutch region on June 16, 2023, causing widespread destruction. Strong winds, heavy rainfall, and storm surges shut down major ports, including Kandla and Mundra, while neighboring Maharashtra and Rajasthan also suffered damages.
Chennai Battered by Cyclone Michaung
Cyclone Michaung struck Chennai on December 5, 2023, bringing torrential rains that inflicted heavy economic losses on Tamil Nadu.
Between July 10-15, 2023, northern Ind...