In 2014, India had the population growth of 1.6% and GDP was
growing at 4.5% per year. In order to ensure that environmental
impact does not go worse in India, what change (%) in resource
intensity must be achieved? Assume that population, affluence and
technology are mutually independent.
INTRODUCTION OF GDP (GROSS DOMESTIC PRODUCT)
To measure the total economic activity of a nation GDP(Gross Domestic Product ) is the broadest quantitative measure. Basically , GDP represents the monetary value of all the goods and services produced within a nation's geographic borders over a specified period of time .
GDP report also includes information regarding inflation :
-- The implicit price deflator measures changes in price and spending patterns.
-- The fixed weight price deflator measures price changes for a fixed basket over 5,000 goods and services .
When GDP declines for two consecutive quarters or more by definition the economy is in a "Recession " . Meanwhile , when the GDP grows too quickly and fears of inflation arise , the Reserve Bank Of India often attempts to stimulate the economy by raising interest rate .
As we have already assumed that the population, affluence and technology are mutually independent. There are many other factors of resource intensity , change in which will lead to the help or development of the environment of INDIA during planning for the increase in the GDP growth of the nation . They are very much needed to be focused on because due to the development in the nation with the increase in the technology or in the population and the infrastructure the environment is getting effected badly and one of the saddest effects of that is 'global warming '.
CHANGES IN THE RESOURCE INTENSITY --
(A) WATER POLLUTION -- The water in the important part of human life and for others too, due to the intensity of growing GDP the fact of pollution of water is been ignored . Water pollution is basically created by the developing industries in the nation . The have ignored the rule of the society and the responsibility of them towards the society . They dump all there wastes in the sea's or the oceans due to wish they are no longer healthy for the humans and the creatures living inside it .
(B) LAND POLLUTION -- The land pollution can be reduced my dumping the waste in the non- degradable and in the bio degradable waste so that the waste can be decompose in the land and the non degradable will be send to the recycle factory . the industries also have to follow this rule to help the nation to clean the land and make the living environment and the surroundings clean .
(C) GLOBAL WARMING AND VOLATILE WEATHER -- The global warming leads to rising sea level , volatile weather patterns and could significant economic cost . the nation have to take action towards the balancing of the land , water, and airs pollution . with the balancing of this the global warming will reduce and the sea level will go down automatically .
(D) SOIL FERTILITY -- The fertility of the soil will help the nation to grow and produce the natural product and use of the natural products will increase which will help them to reduce the pollution in the areas and help the farmers to develop and earn more . Soil fertility can also be done my the decomposition of the bio degradable products due to which wastes will not be thrown here and there and will be utilized as the fertilizer .
(E) DEFORESTATION -- The deforestation is also the reason for the effect in the environment , the cutting of the trees is leading to the environmental imbalance . The cutting of the train leads to the global warming and the level of oxygen is decreasing in the environment .
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