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The Economic Times

Top News / The Economic Times

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Karnataka drought losses may reach Rs 60,000 crore: Dy CM Parameshwara

Karnataka's Deputy Chief Minister G Parameshwara announced that drought-related losses may significantly increase. Assessments have been completed for many taluks, revealing substantial financial impacts due to the drought. Central teams are set to evaluate the situation in different regions across the state. Recent rainfall will not dramatically alter the drought assessments, as crop losses occurred earlier this year. The state plans to submit a final memorandum once all evaluations conclude.

3 Oct 2026 12:12 pm