Homophobia Costs India An Estimated $31 Billion Annually

By J. Lester Feder
March 14, 2014
BuzzFeed

lee worldbank

Williams Distinguished Scholar M.V. Lee Badgett speaking at the World Bank’s headquarters in Washington, D.C.

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. 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.

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