What is the impact of communal violence on India's economy?
Communal violence has many serious consequences, which harm the society in every way. Many people lose their lives in communal violence, which destroys families and communities. This loss is so great that its impact remains for generations. People's houses, shops and religious places are often burnt in riots, which causes huge economic losses. people lose their livelihood and the structure of society is damaged. Unity and brotherhood in society weakens. people lose trust in each other. Old relationships break and divisions are created in society.
Due to violence, the attention and money of the government and people are diverted from other important things to deal with the riots, which stops the development of the country. Along with this, due to the atmosphere of violence, people from outside are afraid to invest in india, which causes economic loss. Those who survive the riots develop problems like fear, anxiety and depression in their minds. Politically, communal violence weakens democracy, damages law and order and can promote corruption.
Economics expert Mohammad Shoaib said, 'Private investors want to earn maximum profit with less investment. Investors never invest in a place or country where riots often take place or the environment is bad. If seen, most manufacturing industries are in the South Side, such as Bangalore, Hyderabad, Maharashtra. Investors come less to UP-Bihar, because the environment here is not good. 95 percent of india is unorganized sector. These people neither pay taxes, nor employ many people. Unless the organized sector is increased, the economy does not get a boost. Economic stability, political stability, communal harmony, education, infrastructure, banking system, law and order, all these are dependent on each other.'
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S Venkateshwari

03/02/2025 10:12 PM