Case Study: Effect of 2004 Tsunami on Economy of India

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  • Topic: 2004 Indian Ocean earthquake, Tsunami, Nicobar Islands
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  • Published : December 20, 2012
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CASE STUDY:

Effect of 2004 Tsunami on Economy of India

The earthquake of December 2004 is well known as the Sumatra-Andaman earthquake and is the fourth largest earthquake in the world since 1900. This was an under-sea earthquake, which happened at 7:58:53 am local time. The epicenter of this earthquake was in the west coast of Sumatra, Indonesia. As an effect of this earthquake, Tsunamis occurred throughout the Indian Ocean, killing loads of people and caused immeasurable damage to the coastal areas all over South-East Asia. The damage caused to the coasts of India, Indonesia, Sri Lanka and Thailand is indescribable. The world wide death toll is roughly estimated to be about 275,000. The magnitude of the earth-quake was recorded as between the ranges of 9.1 and 9.3. The destruction caused by the Tsunami in the different parts of India is as follows.

In India, the worst hit areas were the states of Tamil Nadu, Pondicherry and the Andaman and Nicobar Islands.  The Tsunami's effect on the coasts of Tamil Nadu was devastating. The effect of Tsunami on the islands of Andaman and Nicobar is unforgettable. India had the Third highest death toll. The death toll rate was recorded to be the most in Tamil Nadu, at about 8,800. The death toll in Andaman, Nicobar Islands was noted to be about 11,316 and 600 for Pondicherry. It has been estimated that over 5,400 people are still to be found, overall. India was probably the most developed country amongst all the Tsunami hit countries. It perhaps has the strongest economy. Therefore, although India was badly affected by the Tsunamis, it was able to handle the condition without much foreign aid.

The destruction caused by the Tsunami eventually was over $1.6 billion. This exceeded the estimated losses of US$ 600 millions as originally expected by the officials. The Indian fishing groups were adversely affected by the Tsunami. The most notable damage was to that of Nagapatnam, a fishing town in Tamil Nadu. Many fishing...
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