People seen filling water from Delhi Jal Board Tankers amid a water crisis in Delhi at Baljeet Nagar, on June 22, 2024.
Severe water shortages in India could hurt its sovereign credit strength, according to Moody's Ratings, warning that the water crisis could lead to social unrest if the agriculture and industrial sectors are disrupted.
Rapid industrialization and urbanization, coupled with a meteoric economic expansion, has led to severe water shortage.
India relies substantially on monsoon rain for its water supply, but is also prone to severe and extreme weather conditionsDelhi, one of the world's most densely populated cities with over 200 million people, is knee-deep in a water crisis.
"There are 2.8 million people in the city who are aching for just a drop of water," Delhi Water Minister Atishi was quoted as saying on Monday, a day before she ended her hunger strike over the water crisis, as her health deteriorated.
Persons:
Moody's, Atishi
Organizations:
Delhi Jal
Locations:
Delhi, Baljeet, India