The devastation caused by floods is going to severely batter the economy of Uttarakhand. According to an estimate, the destruction caused by floods may cost the state tourism industry a loss of Rs 12,000 crore.
Tourism being the main stay of Uttarakhand contributes heavily to the state exchequer. The state government was expecting to generate Rs 25, 000 crore through tourism in 2013-2014 but after the destruction, it is hoping to realize only Rs 5,000-6,000 crore as important tourist destinations have been washed away in the floods. In fact, the cost of rebuilding the damaged tourist destinations will put further burden on the economy of the state.
Meanwhile, the US has announced $150,000 (around Rs 90 lakh) to non-governmental organizations to carry out relief work in flood ravaged Uttarakhand.
Photo by Veethi.
