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Should India adopt Green GDP despite government hesitation?

Should India adopt Green GDP despite government hesitation?

Background:

  • Green GDP adjusts national income by accounting for environmental degradation and resource depletion.

  • India has published experimental estimates (via MoSPI and Ministry of Environment), but not adopted officially.

Balanced Answer:Yes, India should move toward Green GDP—it reflects sustainability. But valuation of natural resources (forests, biodiversity, pollution costs) is difficult. Data gaps, international comparability, and methodological issues delay adoption.

Cross-Question:👉 If valuation is hard, is Green GDP practical?

  • Start with satellite accounts (environmental accounts alongside GDP), gradually refine, and integrate into policy.

 
 
 

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\(E[X]=\mu\) \[\hat{\mu}=\frac{\sum_{i=1}^n x_i}{n}\]

 
 
 

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