20 SEP,2021 | MEDC
According to a recent report by Moody’s, water management risks linked to the existing supply and quality issues, as well as risks amplified by climate change pose credit challenges across multiple sectors in Asia. This is particularly so in parts of South and Southeast Asia (including India) where water scarcity or mismanagement prevails. The report added that risks are more pronounced for water-intensive sectors like mining, agriculture and power. Our agriculture sector is predicted to be particularly hard-hit by climate change, and that makes water management a policy priority. Rapid urbanization is complicating the issue, and there is a real risk of water scarcity to the growth of affordable housing. Managing water risks astutely is a critical factor in our socioeconomic development.
*Photo Credit: Google