Roy, Tirthankar 
ORCID: 0000-0002-4183-2781 and Tumbe, Chinmay
(2025)
Rainfall seasonality, droughts, and business.
In: da Silva Lopes, Teresa, Duguid, Paul and Fredona, Robert, (eds.)
Climate Change and Business: Historical Perspectives.
Routledge, Abingdon, UK, 113 - 128.
ISBN 9781032763392
Abstract
Many parts of the world are subject to seasonal rainfall that provides a major part of the water supply to support agrarian systems and various life forms. Climate change is inducing greater variability in the distribution of rainfall and posing a major livelihood crisis on a global scale. How have businesses reacted to such climatic fluctuations in the past and the present? This chapter outlines the interaction of businesses with seasonality by focusing on India, an economy heavily dependent on monsoon rainfall. It studies the financial sector in colonial India and its interaction with monsoon seasonality and the evolution of the massive borewell business involved in the extraction of groundwater. While borewells raised agricultural productivity, reduced poverty, and provided an immediate solution to overcome seasonality and water stress, their long-term sustainability has been questioned as groundwater tables plunge, underscoring complex cycles in the interaction between business and climate change.
| Item Type: | Book Section |
|---|---|
| Additional Information: | © 2025 selection and editorial matter, Teresa da Silva Lopes, Paul Duguid, and Robert Fredona; individual chapters, the contributors. |
| Divisions: | Economic History |
| Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences G Geography. Anthropology. Recreation > G Geography (General) H Social Sciences > HB Economic Theory |
| Date Deposited: | 04 Apr 2025 09:00 |
| Last Modified: | 02 May 2025 07:00 |
| URI: | http://eprints.lse.ac.uk/id/eprint/127828 |
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