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Risk management through weather derivatives in agriculture sector in Indian context

By: Kundalia, Chirag.
Publisher: Kolkata CMA Kaushik Banerjee 2023Edition: Vol.58(5), May.Description: 55-59p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here In: Management and accountant journalSummary: Agriculture plays a vital role in the Indian economy, with a significant portion of the population relying on it for their livelihoods. However, the sector is highly vulnerable to weather-related risks, causing immense uncertainty and financial losses for farmers. This research article explores the potential of weather derivatives as a risk management tool for the agricultural sector in India. By analyzing the literature and drawing on various case studies, this article highlights the challenges and opportunities associated with the implementation of weather derivatives in the Indian context.
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Agriculture plays a vital role in the Indian economy, with a significant portion of the population relying on it for their livelihoods. However, the sector is highly vulnerable to weather-related risks, causing immense uncertainty and financial losses for farmers. This research article explores the potential of weather derivatives as a risk management tool for the agricultural sector in India. By analyzing the literature and drawing on various case studies, this article highlights the challenges and opportunities associated with the implementation of weather derivatives in the Indian context.

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