The cost of alcohol to the Indian economy
A recent study pegs the net loss at 1.45 per cent of the GDP every year
According to a recent study published in an international journal on drug policy, India is expected to spend about 1.5 percent of its GDP on alcohol and alcohol-related problems.
How was the study done?
The health impact of alcohol consumption was assessed based on three parameters: liver disease, cancers and road traffic accidents.
Estimates of years lost due to illness, mortality and reduced quality of life were taken as the effects of alcohol. The direct and indirect costs were estimated to determine the economic burden.
What are the results? What do experts say?
Disease-based treatment costs about Rs. 3 lakh crore, Dr. Joy Varghese said, “In the last few years, the consumption of alcohol has increased dramatically, compared to smoking. We need more awareness among the people. ”
Varghese referred to a family involving an alcoholic who “had a two-year-old daughter. His wife was paying medical bills. He couldn’t be bothered about them. ”
Due to the loss of savings and productivity due to alcohol consumption, the cost would be approximately Rs.128 lakh crore. "Controlling the sale of alcohol and prohibiting the consumption of alcohol, except for medical purposes, can help reduce alcohol consumption," said psychologist Akifa Mariam. These measures 'should be taken by the government.'
According to the study, despite tax revenue from liquor sales, it would result in a net economic loss of Rs.103 lakh crore. This represents an average loss of 1.45% of GDP per year for the Indian economy. “Our country needs more treatment centres for alcohol addicts," said Varghese.
[Autotranslated from Tamil]