Severe water shortages in India could hurt the country's sovereign credit strength, according to Moody's Ratings, warning that the water crisis could lead to social unrest if the agriculture and industrial sectors are disrupted.
Delhi, one of the world's most densely populated cities with over 200 million people, is knee-deep in a water crisis.Two wars and nervous allies: Biden and Trump may spar on foreign policy in the first debate The water shortage could interrupt agricultural production and industrial operations,"resulting in inflation in food prices and declines in income for affected businesses and workers, especially farmers, while sparking social unrest," Moody's warned.
"Decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and declines in income for affected businesses and communities, while sparking social unrest," the Moody's report, led by John Wang, vice president and senior analyst at the financial services firm said.