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  • Impact of Terrorism On Indian Economy

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    Richa Sharma
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    Terrorism has both short-term and long-term impacts on the Indian economy. In the short-term, it leads to loss of human capital, discourages investors, and causes financial losses in specific industries like airlines and tourism. In the long-term, it can cause political instability like resignations, and significant ongoing financial costs of over 500 crores for structural damages from the 2008 Mumbai attacks, taking a toll on industries like insurance. While terrorism is a small part of overall economic risks, it may greatly impact the allocation of capital and undermine growth across the country.

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    Impact of Terrorism on Indian Economy

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    Terrorism has both short-term and long-term impacts on the Indian economy. In the short-term, it leads to loss of human capital, discourages investors, and causes financial losses in specific industries like airlines and tourism. In the long-term, it can cause political instability like resignations, and significant ongoing financial costs of over 500 crores for structural damages from the 2008 Mumbai attacks, taking a toll on industries like insurance. While terrorism is a small part of overall economic risks, it may greatly impact the allocation of capital and undermine growth across the country.

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    68 views3 pages

    Impact of Terrorism On Indian Economy

    Uploaded by

    Richa Sharma
    Terrorism has both short-term and long-term impacts on the Indian economy. In the short-term, it leads to loss of human capital, discourages investors, and causes financial losses in specific industries like airlines and tourism. In the long-term, it can cause political instability like resignations, and significant ongoing financial costs of over 500 crores for structural damages from the 2008 Mumbai attacks, taking a toll on industries like insurance. While terrorism is a small part of overall economic risks, it may greatly impact the allocation of capital and undermine growth across the country.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 3

    Impact of terrorism on Indian economy

    A- Short term impact 1) Loss of human capital: Many high profile people died such as Mr. Ashok kapur chairman of yes bank! 2) Investor behavior: Discourage the investors FII s & FDI. 3) Short term financial loss: Pak cricket team refuses to play. 4) Retrenchment effect on specific industries: airlines, travel, tourism, insurance lodging restaurants.

    Long term impact


    Political instability: Home minister Mr. Shivraj patil and C.M Mr. Vilasrao Deshmukh had to resign! Long term financial loss: The structural damages post 26/11 attacks was amounting INR 500 crores which subsequently took its toll on the insurance industry.

    Conclusion
    Lets not forget that the enemies of our nation have vowed to bleed India through thousand cut. even if terrorism represent a small fraction of the overall economy risk in India, it may have a large impact on the allocation of productive capital across the country. In any part of the world terrorism is unwanted as it not only kills the human life but also the infrastructure, industry ultimately shacking the overall growth!!!

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