IJEP 42(2): 180-185 : Vol. 42 Issue. 2 (February 2022)
1. Symbiosis International (Deemed University), Symbiosis School of Economics, Pune – 412 115, Maharashtra, India
2. University of Calcutta, The Heritage College, Kolkata – 700 073 , West Bengal, India
Abstract
The paper introduces a new methodology of national accounts as compared to the conventional national income accounting technique used in India. The gross domestic product (GDP) of a country does not measure the intensity of environmental degradation caused as a result of the production activities in the country. This study attempts to create a structure for the green GDP calculation in India. It has been calculated for the period 1990-2018, taking into account variables that have huge ecological footprints, such as carbon dioxide emission, particulate emission, natural resources depletion and waste generation. These variables have been aggregated in monetary terms and thus reduced from the GDP values, also giving the proportion of environmental degradation in the economy. Data for a few variables are scarcely available, though the use of proxy variables leads to a well-established structure to calculate green GDP for India.
Keywords
Green national accounts, Green gross domestic product, Green economy, Carbon dioxide damage, Green accounting
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