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The Economics of Road Safety Image Source - istock Recently, the minimum six-airbag requirement for cars that can accommodate up to eight passengers was declared by the Ministry of Road Transport and Highways. Recent Government steps: For the safety of the people, the government has demanded that all cars have six airbags as of October 1, 2022. Approximately 1,50,000 persons each year in India die in traffic accidents, with the 18–24 age group accounting for 60% of those fatalities. The GDP loss resulting from unintentional deaths in India would be in the neighbourhood of 3%.…
29 August, 2022
Road accident
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