Kashmir floods listed as world's worst economical disaster in 2014

Kashmir floods listed as world's worst economical disaster in 2014

The Kashmir floods have also been listed as the 5th most deadly disaster worldwide in 2014 with a death toll touching 300.

Last year’s devastating flood in Kashmir valley has been listed as world’s worst economical disaster in 2014.

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

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.