India has barely half the insurance amount it needs in the event of a nuclear disaster, raising concerns among experts about the lack of oversight on the nuclear sector.
The India Nuclear Insurance Pool (INIP) has collected around 7 billion to 8 billion rupees ($84.5m to $96.6m) of the 15 billion rupees ($182.9m) required under the Civil Liability for Nuclear Damage Act, 2010 (CLND), indicating a critical shortfall in funds that will be needed to compensate victims and pay for cleanup in case of a nuclear disaster.
