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India witnessed 151,113 road deaths in the year 2019 and this alarming number is due to increased urbanization, motorization and per capita income. India is home to the 2nd largest road network in the world and accounts for the highest number of road deaths globally. Curbing the menace of road accidents requires tactical road safety policies and their effective implementation. The meagre availability of factual data regarding socio-economic loss due to road accidents is proving to be a hindrance to the ideation and implementation of the policies. The Planning Commission estimated the social costs of road accidents to be 7.9 billion $ in 1999/2000 which was roughly 3% of the country’s GDP and this value was revised to 14.3 billion $ in 2011. Absence of data regarding the loss due to road accidents in the recent times, has been a motivating factor to estimate the socio economic loss due to accidents on Indian roads.