Post-COVID there is a case for a greener GNP -Ganesan Balachander
* The COVID-19 pandemic has shown up major fault lines in our development trajectory and one of the issues is how we account for growth and progress with the gross national product (GNP) calculated as a single bottom line, without paying heed to the ecological, environmental and social costs.
* Air and water pollution have been shown to add a significant cost to India’s GNP. A greener GNP will take these costs into consideration and work to minimise them.
* When the COVID lockdown is over, there is a need for serious introspection on the real costs of environmental damage.
Even before the upending of the world as we knew it by COVID-19, there had been disquiet for some time over the slowing global economy, in the backdrop of the trade dispute between the US and China. India’s growth had also slowed markedly, falling below 5%, with calls to stimulate the economy. Now, it is anyone’s guess whether it could even drop to as low as 2-2.5% due to the pandemic.
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Mongabay.com, 18 May, 2020, https://india.mongabay.com/2020/05/commentary-post-covid-there-is-a-case-for-a-greener-gnp/