Agarwal, Sumit; Ghosh, Pulak; Zheng, Huanhuan - 2021
responds to one of the costliest natural disasters in India. We find that consumption dropped by 11% during the disaster, 65 …% of which was recovered after the disaster. On average, consumption per capita dropped by $312 per year, which costs about …. Consumers smooth consumption using credit card, banks loans and wealth in coping with the shocks …