Economic Cost
The Planning Commission in its 2001–2003 research estimated that traffic collision resulted in an annual monetary loss of $10 billion (INR 55,000 crore) during the years 1999–2000. In 2012, the International Road Federation (IRF) estimated that traffic collision results in an annual monetary loss of $20 billion (INR 1 lakh crore) in India. This figure includes expenses associated with the accident victim, property damage and administration expenses.
Read more about this topic: Road Accidents In India
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