Mention of Heatwaves at All-Time High in India’s Earnings Calls
Impact of Heatwave on Businesses: India's recent heatwave has significantly affected various sectors, leading to decreased foot traffic for retailers, reduced labor productivity in construction, and challenges for lenders in collecting payments. This extreme weather has been frequently mentioned in earnings calls, indicating its growing impact on corporate performance.
Long-term Climate Risks: Analysts highlight that climate change poses a substantial risk to India's stock market, with expectations of increased frequency and intensity of heatwaves over the next 30 years. While some companies have benefited from summer demand, many are struggling due to high raw material costs and supply chain disruptions exacerbated by geopolitical tensions.
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