The recent Air India crash in Ahmedabad, one of the deadliest in recent memory, has sent shockwaves through the country. All passengers and crew perished in the tragic accident, except for one fortunate survivor. The Boeing Dreamliner, which failed to gain height shortly after take-off, crashed into a medical college hostel within a minute, compounding the scale of the disaster with deaths on the ground. In response, Air India has announced a compensation of Rs 1 crore for each victim. While this may appear as a major financial blow to the airline, with the loss of a high-value aircraft, a trained crew, and a dent in public trust, the wider economic implications are far more complex and far-reaching.........

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