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Measuring Green GDP of India:A Way Forward to Develop Data Base
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Measuring wealth or income in India accounting for the contribution of natural resource stocks using the recently developed methodologies requires the development of a comprehensive database. A top-down approach of developing these accounts may not be feasible in big countries like India. A bottom-up approach in developing these accounts could ensure to take into account region-specific values of environmental changes. Database could be generalized by extending database of ASI accounts, input-output accounts, the cost of cultivation accounts of agriculture and NSS consumer expenditure accounts.
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