ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Wall Street Populism

estimate puts it above Rs 10,000 crore. It is no insignificant loss for a poor country like India. 'Rita Services drew up a tentative estimate of the total loss due to the January riots. According to this estimate, the loss of gross value of output of goods and services comes to Rs 1,250 crore; the loss of trading business Rs 1,000 crore, the loss of exports Rs 2,000 crore, the loss of tax revenue for the government Rs 150 crore and loss of properties worth about Rs 4,000 crore. Thus according to this estimate the total losses come nearly to Rs 9,000 crore. Also, add to this the compensation, etc, the government will have to pay to the riot victims and destruction of their properties. It would be a staggering sum.

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