...
...
Next Story

The price of terror

At a time when India’s services-driven economy is booming, there is a huge economic price to pay when terror stalks cities where financial services, IT and tourism are important.

Updated on: May 15, 2008 09:48 PM IST
Advertisement

The Jaipur serial bombings have extracted a huge price in terms of the number of innocent lives lost or injured. Terrorists deliberately choose such soft targets whenever and wherever they strike. Prime Minister Manmohan Singh has rightly pointed out that “we cannot anticipate everything”, as the perpetrators of such heinous acts often use the element of surprise in carrying out their designs. But there certainly appears to be a design of sorts in their selection of a ‘happening state’ like Rajasthan. For one, Rajasthan is making rapid strides in the sphere of development and graduating out of the ranks of the Bihar-Madhya Pradesh-Rajasthan-Uttar Pradesh — Bimaru — states that are another word for extreme backwardness in socio-economic development.

HT Image
HT Image

The Jaipur blasts were definitely intended to destabilise an important industry in Rajasthan — notably, tourism. It is difficult to put a precise number on the economic costs involved due to the blasts. But the day after the incident, the impact is surely being felt. Cancellations are beginning to pour in, with the Rajasthan Tourism office reporting 100 per cent cancellations. Hapless tourists stuck in Jaipur have no option but to stay in their rooms rather than venture out. Seminars and conventions are being postponed till the situation stabilises. If the hospitality business is initially hit, industry and trade that depend on tourism will also feel the effects of the blasts. These developments have powerful multiplier effects that can lower revenues from tourism.

 
Check India news real-time updates, latest news on Hindustan Times and more across India.
Check India news real-time updates, latest news on Hindustan Times and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe