A study by the Accident Research team from Bosch India’s Advanced Autonomous Safety Systems and Corporate Research department has claimed that the total socio-economic cost due to road traffic accidents in India is $15.71-38.81 billion, which is estimated to be 0.55–1.35 per cent of the nation’s GDP. Bosch said that any stakeholder can support road safety by bridging the data gap and building on the framework provided here, hence bringing further road reforms. The methodology and results of this study can contribute in deriving a cost benefit analysis of various road safety technologies and thus help enforce them towards making Indian roads safer for all its users.
Source: The Hindu Business Line