India, Oct. 21 -- Climate resilience is vital for India's economic stability, as extreme weather events disrupt agriculture, erode incomes, and fuel persistent inflation.

Investments in climate adaptation, such as irrigation, storage, and crop diversification, can mitigate these effects, ensuring food security and stabilizing rural livelihoods.

A failed monsoon, a heatwave or floods that devastate crops are often treated as agricultural misfortunes. Their consequences, however, extend far beyond the farm. They erode cultivators' incomes, raise household food bills, undermine nutrition and complicate the task of controlling inflation.

The 2026 Nobel Prize in Economic Sciences offers a useful framework for understanding this chain of eff...