India's First Rain Derivatives to Combat Climate Change Impact

In a groundbreaking move aimed at addressing the disruptions caused by climate change, India's foremost stock exchange is set to introduce its very first rain derivatives. This innovative financial instrument is designed to provide farmers and other stakeholders with a safety net against the erratic weather patterns that have emerged due to global warming. The initiative is not just a financial product, but also a critical tool intended to bolster resilience within the agricultural sector.

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