Weather Derivatives: Another Need for India
Nidhi Choudhary () and
Girish Nair
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Nidhi Choudhary: Banasthali University
A chapter in Empirical Studies on Economics of Innovation, Public Economics and Management, 2017, pp 115-126 from Springer
Abstract:
Abstract The weather derivatives are comparatively new instruments which were launched only in 1997 for the first time in USA. The instrument since then has developed huge market in USA and Europe. This paper is an attempt to understand the working of the instrument and then conclude if the instrument is a good product for India. The need analysis of weather derivatives in India will be done as per the three sectors of the Indian Economy, namely Primary or the agriculture and allied activities sector, secondary or the manufacturing sector and tertiary or the service sector. The analysis will be done in terms of threat faced by these sectors from uncertain weather in India and how can weather derivatives help in controlling the loss in this condition. The paper is an analysis of sectoral need of weather derivatives. The paper will also discuss the major challenges which Indian economy can face while introducing weather derivatives.
Keywords: Weather; Derivatives; Risk management; Sectors of Indian Economy (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-50164-2_6
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DOI: 10.1007/978-3-319-50164-2_6
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