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India s Alternative Trade Strategy from the Perspective of Water Loss

Maniklal Adhikary and Samrat Chowdhury

The IUP Journal of Applied Economics, 2008, vol. VII, issue 5, 76-86

Abstract: : Water has increasingly become scarce all over the world . Water is also being traded in its virtual form across nations. Trade policies can alter the magnitude and direction of flow of virtual water between nations. Regulating the virtual water flow is important as excess export of water would mean a net loss of our resource which in turn may put pressure on our already falling water table. Adoption of trade policies should not only be guided by traditional parameters like economic growth, but also by consideration of sustainability of our precious resource, water. Though a strongly outward-oriented policy may be conducive to high growth, it is not desirable if we are losing our resource at a fast rate. The paper explores the question, Why we really do need to rethink our trade policy once more?

Date: 2008
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