Environmental damage costing India nearly six per cent of GDP

BusinessGreen: Environmental degradation is seriously restricting India's economic growth, costing it around Rs. 3.75tr ($80bn) or 5.7 per cent of GDP each year. That is the stark conclusion of a major new report from the World Bank, entitled Diagnostic Assessment of Select Environmental Challenges in India and hailed as the first major report to look at the economic impact of environmental damage in one of the world's largest emerging economies. The report concludes that a host of well-documented environmental......

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