Article

Economic Growth and Ecological Sustainability in India

Pranab Mukhopadhyay and Priya Shyamsundar

in The Oxford Handbook of the Indian Economy

Published in print March 2012 | ISBN: 9780199734580
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199734580.013.0020

Series: Oxford Handbooks

 Economic Growth and Ecological Sustainability in India

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  • Economic Development and Growth
  • Econometric and Statistical Methods and Methodology: General

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This article looks at issues concerning environmental sustainability and economic growth in India using both micro- and macro-level evidence. The article highlights two environmental challenges of India's rapid growth: urbanization and forest cover change. With respect to urbanization, the article suggests that there is a role for economic instruments in reducing air pollution related to increasing urbanization. With respect to forest cover, it notes that whereas overall forest cover has marginally increased in India, in the bulk of forests, which are moderately dense, there is a decline. The article then asks if it is reasonable to expect forest dependence to decrease as India grows and rural wealth increases. From a broader perspective, it argues that there exist crucial environmental thresholds to India's growth strategy. The article ends with a discussion about governance issues surrounding Indian environment policy to make growth more environmentally sustainable.

Keywords: economic growth; economic sustainability; Indian economy; urbanization; forest cover; growth strategy

Article.  11672 words. 

Subjects: Economics ; Economic Development and Growth ; Econometric and Statistical Methods and Methodology: General

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