Heatwaves To Floods: New Disruptors

Every whiff of garam hawa wants to be a sweeping heatwave. That sweep turned into a distinct menace this summer, as large parts of the country recorded particularly high temperatures. As meteorologists branded the worst of them as the hottest in a 100 years, investors worried about their probable impact on economic growth, and the turbulence that will inevitably occur in the market. The connection between climate change and the investment world is neither new nor tenuous. Discourses based on the very palpable connection between the two have gathered steam lately, a trend that will no doubt intensify in the wake of the latest heatwave. Academia and investment professionals alike have agonised over what many say will soon become an irreversible climatic debacle. Others, like global rating agency, Moody’s, have established a connection with economic trends, especially inflation. The...