Socio-economic costing of road traffic accidents: evidence from Nagpur city, Maharashtra, India

Road traffic accidents (RTAs) have become a serious problem worldwide as they incur losses of around 2% of a country’s gross domestic product (GDP). RTAs are one of the major causes of death and injury in developing countries like India. To enable governments to take policy decisions on road safety, it is necessary that good research is undertaken to estimate the cost of accidents. This kind of study will help governments make important decisions on investment in traffic safety, improvement of roads and other facilities. On the other hand, evaluation and estimation of the costs of RTAs will help governments ascertain economic feasibility of policy decisions given limited economic resources.

Original Source