‘The real solution is to keep smaller cities with their own economies’, says Nitin Kamath

After the torrential rains in Bangalore, life came to a complete standstill Floods Entering homes on submerged roads, Zerodha founder Nitin Kamath shares possible solutions to mitigate the situation.

Nitin Kamato shared on Twitter on Friday that “Most big Indian cities were not built in a way to handle the many people who live in them today. Disasters are bound to continue. The only real solution is that many smaller cities have their own Be the economies. More than 50% of our team now live there; a silver lining from Covid.”

Kamath stressed that the game-changer would be “if companies can afford to have teams work remotely or through small satellite offices, I think they should be able to get teams to work out of smaller towns and cities.” That way, the company can play a role in problem-solving. Moving to another big city will only be a temporary solution.”

They reported that “with more money spent, more savings, less time in traffic, better work-life balance, and much more, there can be a significant increase in quality of life. This is no longer just a hypothesis; it is now our We have enough data from our team, many of whom have moved to Mysore and Belagavi.”

Further highlighting the impact, he tweeted, “The best part is that if these people consume locally, it can also help in terms of climate change issues and building livelihoods, maybe two.” The biggest problems we are facing as a nation. Otherwise money keeps circulating in big cities, enticing everyone to migrate.”

“This is what we are chasing through our foundation @RainmatterOrg, supporting organizations that help small towns and villages become self-reliant, help build livelihoods and much more. http://rainmatter.org,” he shared.

It is important to note that heavy rains continue to cause heavy waterlogging in many parts of Bengaluru, forcing employees to work from home. Meanwhile, the India Meteorological Department said Bengaluru is among the regions that have received the highest rainfall this year as the last three months have received 34% more rainfall than this year.

According to AP The report, while there is no direct link between excessive rainfall in Bengaluru and climate change, there is growing evidence that the monsoon, the most important weather system for the Indian subcontinent, is being altered by climate change and scientists say That’s making it extreme. Events like excess rainfall are the new normal.

(with inputs from AP)

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