5 Economic Benefits of Cycling
www.ncyclopedia.in
Direct Benefit to India’s GDP The study done by The Energy and Resources Institute (TERI) in the fiscal year 2015-2016 on the ‘Benefits of Cycling in India’ reveals that increased use of cycling can contribute to Indian economy with the benefit of Rs 1.8 trillion that comprises 1.6% of India's GDP for that respective fiscal year. The same trend continues if we continue to keep on increasing the use of cycles with each passing year.
www.ncyclopedia.in
More Cycles Lead to Less Fuel Consumption As per the current situation, about 23 million cars run on the Indian roads that together consume more than 4 million barrels of fuel every day. If all these cars get replaced by bicycles on the road, all the fuel required to run the cars will be consumed.
www.ncyclopedia.in
Growth of Bicycle Market in India Increased use of cycles in India will lead to increasing number of manufacturers, wholesalers, retailers, technical professionals, and online sellers. This in turn will boost the bicycle market in India and will eventually leave its impact on the Indian economy
www.ncyclopedia.in
Boon in Bicycle Tourism With more and more number of passionate cyclists across the globe, people are showing keen interests in bicycle adventure by exploring the beautiful destinations of India by bicycle. Increased number of cycling tourists will certainly leave a positive impact on the economy.
www.ncyclopedia.in
Introduction of Cyclothons Cyclothons and cycling events in India have created a revolution in the global bicycle market with increasing number of pitches by international strategic investors.
www.ncyclopedia.in
Pedal for a Better Tomorrow!!!
Thank You presented by
Ncyclopedia
www.ncyclopedia.in
For more details visit at us: www.ncyclopedia.in & mail us at: bicycle@ncyclopedia.in