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75% of poor households saw their income fall as a result of traffic accidents, 42% were forced to borrow: World Bank report | India News

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NEW DELHI: More than 75% of poor households in India, affected by a road accident, reported a decrease in income as a result of road accidents and almost 42% of those households had to borrow to overcome the financial crisis. , according to a World Bank report.
According to the report, women bore the maximum burden of such road accidents in low- and high-income households, with around 50% severely affected by declining household income and nearly 40% reporting a change in their patterns of work. work after the accident. Another 11% reported having done extra work to deal with the financial crisis.
The report “Road Traffic Injuries and Disabilities: The Burden on Indian Society”, published on Saturday by the Union Minister of Road Transport, Nirtin Gadkari, also found that 30% of respondents in this study of families low-income in Tamil Nadu and 44% in Maharashtra sold or mortgaged their assets to make up for lost income and debt burden.
The study conducted in collaboration with SaveLife Foundation, an NGO, covered 2,400 respondents from low- and high-income families in urban and rural areas in Uttar Pradesh, Tamil Nadu, Maharashtra, and Bihar. Most of the respondents were those whose relatives encountered a traffic accident.
Low-income households were found to be three times more likely to seek financial help than their high-income counterparts. Borrowing rates were also nearly three times higher among low-income households compared to high-income households.
The report has also highlighted how the poor in Maharashtra and Tamil Nadu fared better with a higher survival rate of 75% compared to UP and Bihar, which showed a survival rate of 53%. This means that ensuring prompt access to trauma care can greatly help the poor save lives in road accidents.
The report comes just a few months after IIT (Delhi) and DIMTS released a report on the socio-economic cost of road accidents. TOI on September 27, had first reported how the report had estimated the total loss to the tune of Rs 5.9 lakh crore annually, which is 3.1% of the country’s GDP.
While the latest study took into account the loss due to deaths and injuries, the World Bank report has only covered the cost of crashes, which include medical expenses and lost income. “This is a revealing report. It just shows how we must work together to reduce accidents, injuries and deaths, ”said Gadkari.

Times of India

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