Cost-Benefit Analysis of Water Projects in India
Cost-Benefit Analysis of Water Projects in India
Large-scale water projects to improve economic well-being or the environment often entail substantial uncertainty relating to gestation periods, cost, resettlement issues, adverse environmental impacts, and the potential for poor planning and execution as well as corruption. Because of widespread water scarcity, India has already invested a large amount of money in harnessing water resource projects. The government often uses cost-benefit analysis to assess large-scale projects, and, as knowledge of the technique grows, application of economic principles to small water projects has become more widespread. From small-scale projects like gray-water recycling at residential schools to analysis of the economic value of avoiding water-borne diseases, cost-benefit analysis can be used to inform decisions about how best to manage this precious commodity.
Keywords: India, water projects, gray water, scarcity, recycling, water-borne diseases
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