Economics of Water in India why does it matter

Water is an essential element to maintain life on earth. Access to water can be regarded as a basic human right. Water is more or less regarded as free community in general. But around the world, water is now treated as more than a natural resource but as a socio economic resource. It provides various economic benefits to individuals and industries through its use in productive activities. At present, India is facing a serious water crisis. At this point of time, India has 16 of total population of the world but only 4 of world's total water resources. Increase in demand and constant supply of water resources are contributing to increasing physical scarcity of water resources in India. The present paper analyzes the value of water resources and emerging issues related to water scarcity in India from an economic perspective. Antara Dutta "Economics of Water in India: why does it matter?" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd27968.pdfPaper URL: https://www.ijtsrd.com/economics/other/27968/economics-of-water-in-india-why-does-it-matter/antara-dutta