According to Planning Commission studies during 2001-2003, that is nearly a decade ago, the total losses to the economy due to road accidents in the year 1999-2000 were pegged at Rs.55,000 crore -, some three percent of the country's GDP.
This means the losses have almost doubled in the last decade. The losses take into account victim-related costs, property damage and administration costs.
What we can do?
Most of the problems that we face can be resolved by practicing little discipline on our part. And in this case, not only will it save crores to our economy but the priceless smile of a child, joy of a wife & security of a family.