(a) Whether the deadly tsunami of 26 December, 2004 had done little damage to the economy in terms of affecting output or prices;
(b) If so, the details thereof; and
(c) the steps taken by the Government to improve the health of the economy?
(a) Whether the deadly tsunami of 26 December, 2004 had done little damage to the economy in terms of affecting output or prices;
(b) If so, the details thereof; and
(c) the steps taken by the Government to improve the health of the economy?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S. PALANIMANICKAM)
(a to c): The total damage due to Tsunami covering Andhra Pradesh,
Kerala, Pondicherry and Tamil Nadu is estimated as Rs. 11,934.74
crore. In the recent Joint Assessment Mission Report (The World
Bank, Asian Development Bank and UN), it is noted that the Tsunami
has had no impact on India`s GDP or that of the affected States/UT`s.
The States/UT`s GDP are unaffected because economic activity along
the coastline contributes very little to their income. The annual
point-to-point inflation in terms of the Wholesale Price Index in
the post-Tsunami period had in general shown a downward trend for
primary articles, and also for manufactured products and overall
inflation. There was no adverse impact of Tsunami on the general
inflation in the country.