Loss Of Thousands Of Crores Every Year Due To Traffic; Will 'congestion Pricing' Solve The Problem?
Traffic jams have become a serious problem in Indian cities, causing economic losses worth thousands of crores of rupees annually. According to the Economic Survey, this problem leads to fuel wastage, pollution and loss of productivity. The main reason for this is the increasing dependence on personal vehicles. As solutions, measures like stronger public transport and 'congestion pricing' have been suggested, so that the economy of cities can get a boost.