Grounded in current issues and constraints, this book focuses on valuing environmental degradation, green economic growth, trade–environment linkage, climate change, health outcome efficiency and public works programmes.

Can the ‘impressive’ growth rates registered by the Indian economy last in the long run? If so, are they inclusive of the key dimensions of well-being? Can the balance between India’s demand for and supply of natural capital make the country an ecological debtor? This volume, in honour of Professor U. Sankar, addresses such significant debates and provides policy initiatives to tackle these issues.

This book argues that sustainable development as a long-term objective demands a paradigm shift in the approach to viewing ecology and that sustainability has to be assessed in terms of economic, social and environmental outcomes.

About the Authors

K.R. Shanmugam is a faculty member of Madras School of Economics since its inception in 1995. He is a member of Scientific and Technical Advisory Group of the CMPA, MoEF and GIZ. He is also a non-officio member of Central Direct Taxes Advisory Committee; non-officio member of State Planning Board of Government of Pondicherry; member of various committees of Government of Tamil Nadu; Academic Council Member of Central University of Tamil Nadu and Indian Institute of Finance. He held the position of Treasurer of Indian Econometric Society during 2001–06.

K.S. Kavi Kumar has been coordinating activities of Centre of Excellence in Environmental Economics (supported by the Ministry of Environment and Forests) at MSE for the past eight years. He is a member of the Expert Committee on Climate Change, MoEF&CC, GoI, and a member of State Environment Appraisal Committee (Tamil Nadu) and he has been working at MSE since 1999.

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