Parameshwara: Losses due to drought are estimated to be ₹60,000 crore to ₹70,000 crore
Karnataka Deputy Chief Minister G. Parameshwara estimates that recent drought conditions have caused between ₹60,000 crore and ₹70,000 crore in damages. The state government is preparing a final memorandum to request central financial assistance, despite limitations imposed by NDRF parameters.
Why it matters
The significant economic impact of the drought highlights the ongoing fiscal strain on Indian states and the complexities of federal disaster relief funding.
Parameshwara: Losses due to drought are estimated to be ₹60,000 crore to ₹70,000 crore left G. Parameshwara File Photo File Photo https://th-i.thgim.com/public/incoming/x5a69u/article71589194.ece/alternates/FREE_1200/WhatsApp%20Image%202026-10-03%20at%2014.17.13.JPEG TH BENGALURU KARNATAKA 03/10/2026 : Deputy Chief Minister G Parameshwara, speaking to the media. BENGALURU The losses due to the drought in Karnataka are estimated to be in the range of ₹60,000 crore to ₹70,000 crore, according to Deputy Chief Minister G. Parameshwara. Mr. Parameshwara, who also holds the Revenue portfolio, told presspersons after the Cabinet meeting that the process of loss estimation was yet to be completed. However, the preliminary estimates had indicated such massive devastation. He pointed out that the State had already submitted two memoranda to the Centre seeking a total drought assistance of about ₹46,000 crore.
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