As the world grapples with the escalating effects of the financial crisis, Global Footprint Network reported on another mounting – and unsecured – debt: a growing gap in India between the amount of natural resources the country uses and how much it has.
India now demands the biocapacity of two Indias to provide for its consumption and absorb its wastes, according to a report released by Global Footprint Network and CII (Confederation of Indian Industry). The report, India’s Ecological Footprint: A Business Perspective, was presented Monday in New Delhi to a conference that included top Indian environmental officials, leaders of Indian industry, U.S. State Department representatives and other stakeholders.
India’s Ecological Footprint – the amount of productive land and sea area required to produce the resources it consumes and absorb its waste – has doubled since 1961, according to the report. Today, the country’s total demand on biocapacity is exceeded only by the United States and China.
“India is depleting its ecological assets in support of its current economic boom and the growth of its population,” says Mr. Jamshyd N. Godrej, Chairman of the CII Sohrabji Godrej Green Business Centre. “This suggests that business and government intervention are needed to reverse this risky trend, and ensure a sustainable future in which India remains economically competitive and its people can live satisfying lives.”