Assessing the fiscal implications of flood disasters in India: insights for general and special category states
This study provides a comprehensive analysis of the fiscal consequences arising from flood disasters in India, with a specific focus on the challenges encountered by General Category States (GCS) and Special Category States (SCS). Recognizing India’s vulnerability to floods due to its diverse geogra...
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| Format: | Article |
| Language: | English |
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IOP Publishing
2024-01-01
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| Series: | Environmental Research Communications |
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| Online Access: | https://doi.org/10.1088/2515-7620/ad8e33 |
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| author | Ranjan Kumar Mohanty Deepak Kumar Behera Priti Agarwal Dibakar Sahoo Yashobanta Parida |
| author_facet | Ranjan Kumar Mohanty Deepak Kumar Behera Priti Agarwal Dibakar Sahoo Yashobanta Parida |
| author_sort | Ranjan Kumar Mohanty |
| collection | DOAJ |
| description | This study provides a comprehensive analysis of the fiscal consequences arising from flood disasters in India, with a specific focus on the challenges encountered by General Category States (GCS) and Special Category States (SCS). Recognizing India’s vulnerability to floods due to its diverse geographical and climatic landscape, the research emphasizes the need for a coordinated disaster response framework involving both central and state governments. Utilizing a panel vector autoregression (VAR) methodology alongside impulse response functions (IRFs), the study finds that flood disasters significantly impact fiscal variables over a medium-term horizon of 3–5 years. Our findings indicate that fiscal deficits widen for up to three years post-disaster, while expenditures on flood control surge in the following years. Notably, SCS face a disproportionate fiscal strain, exacerbated by their geographical disadvantages and heightened susceptibility to disasters, leading to a decline in non-tax revenue after flood shocks. The study advocates for tailored fiscal policies that enhance the resilience and recovery capacity of both GCS and SCS in addressing flood-induced fiscal challenges. |
| format | Article |
| id | doaj-art-71fc6da40c95490faa055c43110d80c4 |
| institution | Kabale University |
| issn | 2515-7620 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Communications |
| spelling | doaj-art-71fc6da40c95490faa055c43110d80c42024-12-05T15:12:55ZengIOP PublishingEnvironmental Research Communications2515-76202024-01-0161111501410.1088/2515-7620/ad8e33Assessing the fiscal implications of flood disasters in India: insights for general and special category statesRanjan Kumar Mohanty0https://orcid.org/0000-0002-4902-3209Deepak Kumar Behera1https://orcid.org/0000-0001-6539-4280Priti Agarwal2https://orcid.org/0009-0005-9857-3134Dibakar Sahoo3https://orcid.org/0000-0003-3035-112XYashobanta Parida4https://orcid.org/0000-0002-5013-2648Xavier Institute of Management , XIM University, Bhubaneshwar, Odisha-751013, IndiaEconomics and Finance Department, The Business School, RMIT International University Vietnam , Ho Chi Minh City—700000, VietnamJindal School of Government and Public Policy, OP Jindal Global University , Sonipat, Haryana-131001, IndiaDepartment of Economics, Faculty of Social Sciences, Banaras Hindu University , Varanasi, Uttar Pradesh-221005, IndiaFLAME University , Pune, Maharashtra-412115, IndiaThis study provides a comprehensive analysis of the fiscal consequences arising from flood disasters in India, with a specific focus on the challenges encountered by General Category States (GCS) and Special Category States (SCS). Recognizing India’s vulnerability to floods due to its diverse geographical and climatic landscape, the research emphasizes the need for a coordinated disaster response framework involving both central and state governments. Utilizing a panel vector autoregression (VAR) methodology alongside impulse response functions (IRFs), the study finds that flood disasters significantly impact fiscal variables over a medium-term horizon of 3–5 years. Our findings indicate that fiscal deficits widen for up to three years post-disaster, while expenditures on flood control surge in the following years. Notably, SCS face a disproportionate fiscal strain, exacerbated by their geographical disadvantages and heightened susceptibility to disasters, leading to a decline in non-tax revenue after flood shocks. The study advocates for tailored fiscal policies that enhance the resilience and recovery capacity of both GCS and SCS in addressing flood-induced fiscal challenges.https://doi.org/10.1088/2515-7620/ad8e33flood disasterimpulse responseIndiafiscal impactnatural disasterfiscal deficit |
| spellingShingle | Ranjan Kumar Mohanty Deepak Kumar Behera Priti Agarwal Dibakar Sahoo Yashobanta Parida Assessing the fiscal implications of flood disasters in India: insights for general and special category states Environmental Research Communications flood disaster impulse response India fiscal impact natural disaster fiscal deficit |
| title | Assessing the fiscal implications of flood disasters in India: insights for general and special category states |
| title_full | Assessing the fiscal implications of flood disasters in India: insights for general and special category states |
| title_fullStr | Assessing the fiscal implications of flood disasters in India: insights for general and special category states |
| title_full_unstemmed | Assessing the fiscal implications of flood disasters in India: insights for general and special category states |
| title_short | Assessing the fiscal implications of flood disasters in India: insights for general and special category states |
| title_sort | assessing the fiscal implications of flood disasters in india insights for general and special category states |
| topic | flood disaster impulse response India fiscal impact natural disaster fiscal deficit |
| url | https://doi.org/10.1088/2515-7620/ad8e33 |
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