WASHINGTON: India needs to invest an estimated extra USD 109 billion in road safety over the next decade to halve its crash fatalities, the World Bank said in a report released on a day when at least 35 people were killed in four separate accidents in the country.
The bank said such an investment will bring economic benefits equivalent annually to 3.7 per cent of the GDP.
The report titled “Delivering Road Safety in India” was released at the ‘Third Global Ministerial Conference on Road Safety’ in Stockholm.
It points to the high death rate on India’s roads caused by chronic lack of investment in systemic, targeted, and sustained road safety programmes and identifies relevant investment priorities to reverse the trend. (AGENCIES)