Environmental Degradation Costs India around $80 Bn Every Year

Poverty emerged as the main cause and consequence of resource degradation leading to reduction of agricultural yields on the degraded lands, and the forests and grasslands are getting depleted since livelihood resources decline. As such, the poor are forced to mine and overuse the limited available resources creating a downward spiral of impoverishment and environmental degradation.

Muthukumara Mani, senior environmental economist at the World Bank said "While the overall policies focus should be on meeting basic needs and expanding opportunities for growth, they should not be at the expense of unsustainable environmental degradation."

In India, green growth strategies are urgently needed in order to promote sustainable growth and to cut down the pattern of environmental degradation and the depletion of natural resources. Thus, all these measures will further avoid environmental degradation in the country.

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