Eco­nomic Cost Mat­ters

Business Today - - THE BUZZ - – Anup Ja­yaram

AL­MOST TWO YEARS af­ter the last Bharat Bandh, ed­u­ca­tional in­sti­tutes, trans­port ser­vices, and stores were shut in large parts of In­dia as Op­po­si­tion par­ties protested the con­tin­ued rise in fuel – diesel and petrol – prices. A Bharat Bandh leads to an es­ti­mated loss of `25,000 crore to the econ­omy ac­cord­ing to an As­socham study. Trade, trans­port, ho­tels, and fi­nan­cial ser­vices – all a sub­stan­tial chunk of GDP, are di­rectly im­pacted by the bandh. More im­por­tantly, it af­fects the at­trac­tive­ness of the coun­try as an in­vest­ment des­ti­na­tion. But, then that is the price that the BJP gov­ern­ment has to pay, as elec­tions get closer, and fuel prices con­tinue to be on fire.

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