Vultures have a bad rep in Indian mythology eg. a key villain in the ‘Mahabharata’ is called Shakuni Mama. However, as supreme scavengers, they have played a key role in cleaning up our country for free. ““Vultures are considered nature’s sanitation service because of the important role they play in removing dead animals that contain bacteria and pathogens from our environment – without them, disease can spread,” says the study’s co-author, Eyal Frank, an assistant professor at University of Chicago’s Harris School of Public Policy.”
Given that India leads the world in terms of cattle count (around 500mn in India), vultures had for centuries played a key role in in swiftly removing livestock carcasses.
However, around 30 years ago, things started going haywire for India’s vultures and now, all of us, are paying the price. As Soutik Biswas explains:
“But more than two decades ago, India’s vultures began dying because of a drug used to treat sick cows.
By the mid-1990s, the 50 million-strong vulture population had plummeted to near zero because of diclofenac, a cheap non-steroidal painkiller for cattle that is fatal to vultures. Birds that fed on carcasses of livestock treated with the drug suffered from kidney failure and died.
Since the 2006 ban on veterinary use of diclofenac, the decline has slowed in some areas, but at least three species have suffered long-term losses of 91-98%, according to the latest State of India’s Birds report.
And that’s not all, according to a new peer-reviewed study. The unintentional decimation of these heavy, scavenging birds allowed deadly bacteria and infections to proliferate, leading to the deaths of about half a million people over five years, says the study published in the American Economic Association journal.”
Mr Franks of the University of Chicago and his co-author Anant Sudarshan have tried to quantify the financial impact that India has suffered out due to the 98% drop in the vulture population. Their findings are mind-blowing:
“Mr Frank and his co-author Anant Sudarshan compared human death rates in Indian districts that once thrived with vultures to those with historically low vulture populations, both before and after the vulture collapse. They also examined rabies vaccine sales, feral dog counts and pathogen levels in the water supply.
They found that after anti-inflammatory drug sales had risen and vulture populations had collapsed, human death rates increased by more than 4% in districts where the birds once thrived.
The researchers also found that the effect was greatest in urban areas with large livestock populations where carcass dumps were common.
The authors estimated that between 2000 and 2005, the loss of vultures caused around 100,000 additional human deaths annually, resulting in more than $69bn (£53bn) per year in mortality damages or the economic costs associated with premature deaths.
These deaths were due to the spread of disease and bacteria that vultures would have otherwise removed from the environment.
For example, without vultures, the stray dog population increased, bringing rabies to humans.
Rabies vaccine sales rose during that time but were insufficient. Unlike vultures, dogs were ineffective at cleaning rotting remains, leading to bacteria and pathogens spreading into drinking water through runoff and poor disposal methods. Faecal bacteria in the water more than doubled.
“The vulture collapse in India provides a particularly stark example of the type of hard-to-reverse and unpredictable costs to humans that can come from the loss of a species,” says Mr Sudarshan, an associate professor at the University of Warwick and co-author of the study…
The decline of vultures in India is the fastest ever recorded for a bird species and the largest since the passenger pigeon’s extinction in the US, according to researchers.”
If you want to read our other published material, please visit https://marcellus.in/blog/
Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.