A A Commentary on Economic Impact of Climate Change on Indian Farmers

Abstract

While climate change has had a severe effect globally, its impact is often the highest on the most vulnerable segments of the society. Indian farmers who are already reeling under the pressure in farming owing to high rates of credit interest, falling size of land holding and overcapacity in terms of people engaged in farming, have been affected badly by the climate change and its outcome. Climate change has had negative economic impact on Indian farmers pushing them into debt trap and sometimes to the most unfortunate situation of committing suicide. Climate change comprises of many components but the most important ones in terms of impact on farming are – temperature fluctuation and untimely or deficient rains.