Boston: The economy of a country depends upon many factors be it natural resources, human power, infrastructure, population and many more. However, a study conducted by Stanford University suggests that the economy of a country is also affected by the weather.
In its recent study, published in the journal Proceedings of the National Academy of Science, said that Global warming has caused the Indian economy to be 31 per cent lesser than it would have been otherwise.
The study also outlined that increasing density of greenhouse gases in Earth's atmosphere since 1960s have improved cool countries like Norway and Sweden, while slowing down economic growth in warm countries such as India and Nigeria.
Noah Diffenbaugh, climate scientist from Stanford University in the US, said, “"Our results show that most of the poorest countries on Earth are considerably poorer than they would have been without global warming.”
The research was made on the basis of earlier research in the team analyzed 50 years of annual temperature and GDP measurements for 165 countries to estimate the effects of temperature fluctuations on economic growth.
Marshall Burke, a Stanford assistant professor of Earth system science, said, “"The historical data clearly show that crops are more productive, people are healthier and we are more productive at work when temperatures are neither too hot nor too cold.”