Accounting of green growth for India Prakash Anupam1, Sarkar Kaustav K.2, Kumar Amit3,* 1Adviser, Department of Economic and Policy Research, Reserve Bank of India, Mumbai, India 2Assistant Adviser, National Accounts Analysis Division Department of Economic and Policy Research, Reserve Bank of India, Mumbai, India 3Manager, National Accounts Analysis Division Department of Economic and Policy Research, Reserve Bank of India, Mumbai, India *Corresponding author email id: amitkumar98@gmail.com
Online published on 22 March, 2024. Abstract The traditional method of accounting national income-Gross Domestic Product (GDP)-is a highly reliable indicator that reflects economic performance of a country. Recent research has pointed out limitations in GDP based growth accounting in the backdrop of climate change. There has been an ongoing discussion within the scholarship on improving GDP estimation such as estimating green GDP. It takes into account estimates for environmental degradation and depletion of natural resources into the national income accounts. Using variables on sustainable development indicators and resource consumption indicators, this article attempts to provide an estimation of green GDP for India. We also provide an alternative view on sustainable development for India using material footprint and resource use efficiency. Our findings suggest that India is on track as far as green growth is concerned. Furthermore, resource depletion and material footprint, especially in the case of biomass and non-metallic minerals, are showing signs of considerable improvements. Top Keywords Accounting, Green, Growth, India. Top |