The emerging economies of Asia—including India, China, and the ASEAN nations—are facing a severe and escalating threat from more frequent and intense natural disasters.
Natural Disasters in Asia
- A Region of Heightened Risk: Over recent decades, Asia has been the most disaster-prone region globally.
- Annual Frequency and Impact: The region often sees over 100 climate-related disasters per year in recent records, affecting tens of millions of people.
- Human Impact: The past decade has highlighted escalating risks, with disasters impacting approximately 80 million people annually in some estimates.
Types of Natural Disasters
The overall threat to the region is a mix of four major hazard categories:
- Hydrological: Floods, landslides.
- Meteorological: Storms, extreme temperatures.
- Climatological: Droughts, wildfires.
- Geophysical: Earthquakes, volcanic eruptions.
Geographic Variation in Risks
- The types of natural hazards differ significantly by country and geography:
- India: Primarily vulnerable to floods (non-storm-related) and landslides, driven by hydrological events.
- Philippines and Vietnam: Frequently hit by tropical cyclones (typhoons) and storms.
- China and Indonesia: Face higher seismic risks, including earthquakes and volcanic eruptions, alongside floods and storms.
India’s Economic Toll due to Disasters
- Historical Baseline: Data from the period 1990–2024 shows that India has sustained average annual disaster-related losses equivalent to 0.4% of its GDP.
- High-Impact Years: In particularly bad years, such as during major nationwide floods or cyclones, the economic impact can be dramatically higher.
- Some analyses for specific high-damage periods estimate losses can reach up to 2% of GDP.
- Sectoral Impact: India’s vulnerability is primarily hydrological (from non-storm related floods and landslides), which heavily impacts agriculture, housing, and infrastructure.
The World Risk Index
- The World Risk Index(WeltRisikoIndex) is an annual assessment tool that calculates the disaster risk for countries worldwide from extreme natural events and climate change impacts.
- It is part of the World Risk Report, published by Bündnis Entwicklung Hilft in collaboration with the Institute for International Law of Peace and Armed Conflict (IFHV).
- Calculation Methodology: Risk = Exposure × Vulnerability
- Exposure: Population affected by hazards like earthquakes, tsunamis, cyclones, floods, droughts, and sea-level rise.
- Vulnerability: Susceptibility (structural factors like poverty, inequality), Lack of coping capacities (e.g., medical care, disaster preparedness) and Lack of adaptive capacities (long-term adjustment, e.g., education, environmental protection).
- Scores range from 0 (lowest risk) to higher values (highest risk).
- The World Risk Report 2025 focuses on floods as a major hazard.
- Top-Ranked Countries (2025):
- The Philippines retains the highest risk.
- India now ranks 2nd.
- Indonesia ranks 3rd.