Lets do a simple calculation. India's annual GDP is around 50 trillion rupees. So, when we divide that by 365 days, i.e to calculate the GDP per day, it comes out to a touch more than 13 thousand crores rupees.
Do you really think that one day (rather, 12 hours) of Bandh will actually mean that GDP of that much amount will be lost, totally!
The figure of 13000 Crores sounds really stupid to me.
If this theory has to be true, then
- Everyone who was gonna buy food items on the day of Bandh will not buy those items and observe fast for one day. (or are they gonna buy more food items on previous day / later days?)
- People who were planning to buy clothes and accessories will drop their plans of buying them altogether just because Monday was declared Bandh and they had planned to buy the items on Monday and only on that Monday!
- Some IT companies claiming that they had a loss of 50 crores rupees in a day. Well, it means that they are not gonna compensate for all the man-hours lost by making their employees work on a weekend?!
- and so on...
I think its really absurd to estimate the losses for one day of Bandh that was observed. People are just gonna delay their purchases or compensate for their production by working more hours later on. However, I dont mean to say that Bandh had no effect on commerce and economy. There is a loss to economy but I think its negligible compared to the amounts being mentioned in news channel and newspaper. The figures and estimates about loss to the economy are simply absurd according to me.
(Well, the people who really suffer because of Bandh are the ones who work on daily wages. Their one day of wage was wasted. Many others did make loss, but nothing hurts as much as it does to daily wage laborers)
Any comments or argument?! you are most welcome! :)
