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India Loses Rs 14 Lakh Crore Annually Due to Rust, Report Says
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India's economy is suffering a significant loss of Rs 14 lakh crore every year due to rust, which is causing damage to the country's infrastructure, including bridges, highways, and railways.
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India Loses Rs 14 Lakh Crore Annually Due to Rust, Report Says
India's economy is facing a significant challenge due to rust, which is causing damage to the country's infrastructure. According to a Nomura report, India loses an estimated Rs 14 lakh crore every year due to corrosion-induced damage. This loss accounts for 4.3% of India's GDP. The report highlights that the biggest impact is on the power generation and transmission sector, followed by telecommunications, automotive, and industrial assets. The government needs to take immediate action to address this issue and implement measures to prevent corrosion.
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