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Economics of Road Crashes Series

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This month at CAG we will be looking at how road crashes affect the economy.

Gross Domestic Product (GDP) is only a number, what it measures is how much a country is able to produce in terms of goods and services.
When we “grow” as a country, this number automatically goes up because we are able to produce more. The resources spent on addressing the aftermath of road crashes takes away from this growth. These are resources that can be used elsewhere.

In 2023 alone 4,80,583 road crashes were recorded, with 1,72,890 fatalities! This is more than 474 lives lost every single day . Minimising road crashes is therefore a matter of the economic health of the country along with that of its citizens!

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