The Economic Growth Of India

1944 Words8 Pages
12 GDP growth GDP growth india 1991-2011 5 | P a g e 1.2 Social or Cultural Changes The economic growth of India has spurred the fundamental change among the country’s consumers. The ability of purchasing power of the poor people is giving a thrust in its economic development and social change among the Indian people. 1.3 Environmental Change Predictions The environmental problem in India is escalating in parallel with the Indian economy. The rapid economic development in tandem with rapid growing of population is putting a strain on the environment, infrastructure, and the country’s natural resources. Domestic waste, Industrial pollution, soil erosion, deforestation, rapid industrialization, urbanization, and land degradation are all worsening problems in India. These problems are affecting the weather of the country therefore draught and deluge is common natural disaster. In 2011, India produces 31.6 gigatonnes (Gt) of carbon-dioxide from fossil-fuel combustion according to preliminary estimates from the International Energy Agency (IEA) (IMF, 2014). 1.4 Government Attitudes to Sustainable Growth The Indian Government has ratified and enacted environmental protocols like Kyoto Protocol. The India GHG Program brings together internationally recognized GHG accounting and measurement tools and methodologies from WRI’s GHG Protocol to create a comprehensive platform that facilitates relevant regional, national, and sectoral benchmarking of GHG emissions and recognizes
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