The report, released here today, suggests that India can make green growth a reality by putting in place strategies to reduce environmental degradation at the minimal cost of 0.02 per cent to 0.04 per cent of average annual GDP growth rate.
"A significant portion of diseases caused by poor water supply, sanitation and hygiene is borne by children under 5. About 23 per cent of child mortality in the country could be attributed to environmental degradation," said the report titled "Diagnostic Assessment of Select Environmental Challenges in India".
The report also states that the annual cost of environemental degradation in India amounts to about Rs 3.75 Trillion (USD 80 billion) which is equivalent to 5.7 per cent of the country's GDP.
Muthukumara S Mani, lead author of the report, said this figure is reasonable in comparison to other developing countries.
Mani said a developing country like India cannot afford to grow now and clean up later as this will not be environmentally sustainable in the long run. "You have to clean up as you grow," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
