Terror affects all aspects of economy, says vice-admiral

Terrorism affects the economy of a country in all aspects and after terror attacks, the affected country needs to work more on its economy to settle down the loss it suffered, said vice-admiral Girish Luthra, flag officer commanding in chief of western naval command on Wednesday.

According to Mr Luthra, after a terror attack a country’s GDP and economic growth get affected, and it becomes difficult to gain the confidence of investors back. Mr Luthra was addressing a seminar on Wednesday in the city.

He added that following a terror attack, a country is bound to spend more on response and action. Calling the 26/11 attacks as the “biggest face of maritime terror,” he said the attack had affected Mumbai’s share market and a drastic drop was reported after the incident.

Mr Luthra said India has lunched the Sagarmala project in which it conducts tests to check the security preparedness of the country ensure a safe shoreline. As the country’s 70 per cent value is carried over sea, it has a major role and security agencies needs to get rid the Indian maritime border of pirates, he explained.