Durga Puja Shadowed: Economic Impact of RG Kar Incident
West Bengal's famed Durga Puja festivities face a significant economic downturn this year due to the alleged rape and murder incident at RG Kar hospital. This incident, among other governance issues, has led to a sharp decline in consumer spending and corporate sponsorship, affecting the state's economy.
- Country:
- India
The renowned Durga Puja celebrations in West Bengal face an economic setback this year following a harrowing incident at RG Kar hospital. Allegations of rape and murder have cast a shadow over the festivities, resulting in a predicted 20-30% drop in economic impact and affecting the community spirit usually associated with the event.
The festival, a major economic driver contributing significantly to the state's GDP, influences sectors such as retail, hospitality, and handicrafts. Economists attribute this downturn to the incident's aftermath, which sparked widespread protests, and governance concerns, including allegations of corruption, impacting consumer confidence.
Corporate spending has notably decreased, with sponsorship down by 30%. This reduction impacts both urban and rural markets, with smaller towns less affected than Kolkata. The government has attempted to alleviate the situation with shopping festivals, but challenges persist amidst inflation concerns and decreased consumer sentiment.
(With inputs from agencies.)