Economic Evaluation of Water Resources in Industrial Development in India

Document Type : High quality original papers

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Department of Political and Economic Systems (Economics Division), College of Higher Asian Studies

Abstract

Economic Evaluation of Water Resources in Industrial Development in India

Water is a vital natural resource essential for life and the survival of humanity, supporting various social and economic activities, particularly in industry. Unlike other natural resources, water is stable in quantity on Earth and is continually renewed through the hydrological cycle. In India, water resources include both fresh and saline resources. Freshwater is found in rivers, lakes, and groundwater, while saline water is crucial for fishing, transportation, and can be desalinated for drinking in water-scarce areas. Water plays a significant role in industry, which consumes less water than agriculture but has a direct relationship with national income growth. As a key element of economic development, industrial water usage highlights the importance of optimizing resource management for sustainable growth.

Key words: Economic Evaluation, Water Resources, Industrial Development, India, Industrial Water Use.

Key words: Economic Evaluation, Water Resources, Industrial Development, India, Industrial Water

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