PREVIOUS
✖
India’s first weather derivatives
July 19 , 2025
16 hrs 0 min
58
0
- The National Commodity and Derivatives Exchange Ltd (NCDEX) signed a pact with the India Meteorological Department (IMD) to launch India’s first weather derivatives.
- The agreement aims to help manage climate-related risks using market-based instruments.
- Weather derivatives will be based on rainfall and other weather data from IMD’s historical and real-time datasets.
- It seeks to build a climate-resilient rural economy and reduce income volatility.
Leave a Reply
Your Comment is awaiting moderation.