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India suffers multi-billion-dollar losses due to El Nino drought

India is currently experiencing a severe drought – it has caused deaths, water shortages and crop failures. And the country will also suffer financially as a result of El Nino. India’s losses are expected to add up to around 100 billion US dollars. And while the coming La Nina might bring India some much-needed rain, it will take more than one good monsoon season to wash away the savage effects of El Nino.

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