ECONOMIC EFFECTS
While the leak has left areas around the chemical plant in ruins, not all areas of Bhopal have suffered the same fate. Other parts continue to grow. India’s economy has seen tremendous growth in the last 20 years. When calculated in 2004, the Gross Domestic Product per capital increased from $1,000 in 1984 to $2,900. Economic growth continues at a rate of 8% per year. Industry has grown considerably since 1984 as well.
The gas leak has had many adverse effects on income, transportation, and other necessities. Seventy-five percent of Bhopali people are unable to work for more than a few hours at a time.
Due to the people not being able to work, the economy has suffered. The people cannot work, therefore they have no money for luxuries, or even basic necessities. Banks tend to give loans with outrageous interest fees. Citizens are forced to agree to the terms since they have no other choice, thus continuing the cycle of poverty.
Due to the people not being able to work, the economy has suffered. The people cannot work, therefore they have no money for luxuries, or even basic necessities. Banks tend to give loans with outrageous interest fees. Citizens are forced to agree to the terms since they have no other choice, thus continuing the cycle of poverty.
Government building in Bhopal
