Kashmir floods world’s worst economical disaster

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Srinagar: Annual Disaster Statistical Review in its yearly report has listed Kashmir 2014 floods as world’s worst economical disaster of the year.

According to a report prepared by Annual Disaster Statistical Review, Kashmir incurred losses of $16 billion (104000 crore Rs) followed by Cyclone Hudhud in south India with a total estimation of losses to $7 billion (45,500 crore Rs). 

Kashmir floods have also been the 8th worst disaster in terms of number of people affected. As per the report, 3.60 million people were affected due to the floods. The Kashmir floods have also been listed as the 5th most deadly disaster worldwide in 2014 with a death toll touching 300. 

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