Home, Asia, Europe, North America, Latin America and Caribbean, Oceania, News, Sitemap
EN


Home / Asia / India / Articles / Homophobia Costs India An Estimated $31 Billion Annually — Should Development Institutions Care?
loading map..

Facebook

Homophobia Costs India An Estimated $31 Billion Annually — Should Development Institutions Care?

in INDIA, 16/03/2014

Homophobia has an annual cost to India of $31 billion or more, according to a draft report presented Wednesday at a forum at the World Bank’s headquarters in Washington, D.C.


This number is just a rough estimate, since economists lack the data to make a firm calculation. But the fact that the question is being asked by an institution like the World Bank is more significant than the number itself. If development institutions decide to make LGBT rights a priority — and could shape the billions of dollars that flow through them every year — LGBT rights advocates could have far more powerful allies than those they’ve won in institutions devoted to human rights. Read more.

Bookmark and Share