Heat Waves Cause Economic Slowdown
BUSINESS ECONOMICS|May 1 - 31, 2023
Carbon dioxide (CO2) is the biggest contributor to global warming; its concentration in the atmosphere has soared by 48% between 1750 to 2020
Soumen Ganguly
Heat Waves Cause Economic Slowdown

Contributors to global warming

Like glass in a greenhouse, CO2, methane, nitrous oxide and other gases trap the sun's heat, causing less warmth to return to space. The prevailing heat is caused by a lack of moisture incursions from the Bay of Bengal and westerly and north westerly dry winds. While the dry heat may be tolerable for most people, senior citizens and children are most vulnerable to heat strokes in this weather. As Kolkata is nearer to the sea it experiences moderate changes in temperature from summer to winter.

Heatwave situation

Heatwaves have refused to loosen their grip over East India, having prevailed over Gangetic West Bengal and Bihar for the last few days. In fact, the weather situation may be about to intensify further, before it can begin to improve later. The IMD declares a heatwave when the local temperature is expected to cross 40°C and simultaneously rise 5°C to 6°C above the region's normal temperature. A severe heatwave is issued when the mercury is likely to surpass the average by 7°C or more.

This story is from the May 1 - 31, 2023 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the May 1 - 31, 2023 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS ECONOMICSView All
Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal
BUSINESS ECONOMICS

Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal

Bank of Baroda (BOB) organised Mega Kisan Mela at Konkalitala in Birbhum District of West Bengal on November 18, 2024 as a part of the 7th Edition of the Baroda Kisan Pakhwada (BKP).

time-read
1 min  |
December 01 - 31, 2024
Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India
BUSINESS ECONOMICS

Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India

The delay in the disposal of cases in Indian courts remains a significant hurdle to the nation's progress.

time-read
3 mins  |
December 01 - 31, 2024
Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi
BUSINESS ECONOMICS

Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi

The holy city of Varanasi, often regarded as India's spiritual and cultural heart, came alive with the splendor of Dev Deepawali on the sacred day of Kartik Purnima.

time-read
2 mins  |
December 01 - 31, 2024
The life of Job 'Ye judge not the judgment of God' - Jesus Christ
BUSINESS ECONOMICS

The life of Job 'Ye judge not the judgment of God' - Jesus Christ

The Holy Bible reveals through the life of Job how the Lord tests the righteous and that faith helps one to overcome life's adversities.

time-read
6 mins  |
December 01 - 31, 2024
India has the highest potential for the garment industry, only a conducive government policy is required.
BUSINESS ECONOMICS

India has the highest potential for the garment industry, only a conducive government policy is required.

India's textile industry is poised for remarkable growth, with expectations to double its contribution to the GDP within the next six to seven years.

time-read
3 mins  |
December 01 - 31, 2024
Global Public Debt may be worse than it appears, warns IMF
BUSINESS ECONOMICS

Global Public Debt may be worse than it appears, warns IMF

Global Public Debt Set to Exceed $100 Trillion, Warns IMF

time-read
4 mins  |
December 01 - 31, 2024
The economic consequences of Trump's Presidency: A global perspective
BUSINESS ECONOMICS

The economic consequences of Trump's Presidency: A global perspective

One of the key economic factors contributing to the Democrats' loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war.

time-read
5 mins  |
December 01 - 31, 2024
Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview
BUSINESS ECONOMICS

Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview

The education system in West Bengal, particularly in districts, villages, slums, and government institutions, reflects a blend of progress and ongoing challenges.

time-read
5 mins  |
December 01 - 31, 2024
What India can expect from Trump's return
BUSINESS ECONOMICS

What India can expect from Trump's return

I may be too early to predict how Donald Trump's second term as president will impact the global oil market.

time-read
2 mins  |
December 01 - 31, 2024
Stocks Surge Following Donald Trump's Election as 47th President of the USA
BUSINESS ECONOMICS

Stocks Surge Following Donald Trump's Election as 47th President of the USA

Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.

time-read
1 min  |
December 01 - 31, 2024