Anti-gay legislation and homophobia costs India $31 billion annually, according to a new study from the World Bank. Between violence, job loss, discrimination, and tourism, the exclusion of the LGBT community ultimately translates into economic loss for the country in terms of higher health-care costs and social programs in addition to lower economic output. The economic impact may be greater because of the difficulty estimating the exact size of the LGBT community.
The report was revealed at a conference, Sexual Minorities and Developmet, in which the presentation delves deep into the correlation of homophobia and economic impact.
You can watch the video after the jump, though you’ll need two hours to take it all in.
by Joseph Pedro
Source – Passport Magazine