Green accounting for the Indian states project

This study aims to review major issues in the measurement of human capital and present some empirical measures of human capital for India. Education is an important component of economic activity, although investment in education is only one of the many forms of investment in human capital. The main objective of this monograph is to provide empirical estimates of the educational capital formation in different Indian states.

Though various studies and scientific assessments highlight the contribution of the forestry sector in terms of various ecosystem services, not much work has been initiated on the valuation of and the accounting for the ecological functions of forest ecosystems. In this monograph, the missing contributions of forests have been accounted for and monetized for 2002/03 in terms of the following ecological benefits: prevention of soil erosion, augmentation of groundwater, and flood control.

The main aim of this study is to develop an accounting framework that reflects the real contribution of agricultural land and pastureland to society.

In this paper, the authors attempt to value the biodiversity functions of India's natural ecosystems and suggest a method to adjust national (GDP) and state income (GSDP) accounts.

This monograph first describes the popular types of accounting usually followed in case of freshwater resources. Second, it reviews some fo the successful examples of accounting done in select countries from all over the world and focuses on lessons learnt from doing such an exercise in a developing country like India. Third, the change in the quality of water over the period 1993-2003 has been computed for surface water and groundwater.