Economic importance of water
17 weeks ago
I need notes on economic importance of water
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K NMadhu latha

Water has always plays a central role in human societies. Water is a basic essential to all worlds’ inhabitants. Water is a key driver of sustainable growth and development, water is quite literally a source of life and prosperity. Water is complex economic good. Water permeates all aspects of life on Earth. Like the air we breathe, water sustains human, animal and plant life. It provides vital services for human health, livelihoods and well-being and contributes to economic growth and sustainability of ecosystems. Water is an essential component of our economics and is at the centre of economic and social development. It is vital to maintain health, grow food, manage the environment and create jobs. It is impossible to overstate our dependence on water. Water, because it has so many different uses in everyday’s life is hard to analyze in terms of economic development. Yet there are some lessons to drawn on the role of water in economics of every type. Health has shown to be dependent on a good supply of clean water. It is needed for almost all industries, for agriculture, for animal rearing and for much service activities. Managing water as an economic good is an important way of achieving efficient and equitable economic growth of economy. Better access to clean water, sanitation services and water management creates tremendous strategy for economic growth of country. There is a close link between water and economic growth of country. Good management of water resources brings more certainty and efficiency in productivity across economic sectors and contributes to the health of nation. Water is a critical part of most environmental services on which our ecosystems depend. Water requires optimal management to control scarcity and competition for use due to population growth, increasing demand, climate change and declining water supplies. India like many other parts of the world is in the process of implementing market based water supply reforms to attain equity and efficiency. In India, investment in water resources management, multipurpose hydraulic infrastructure and irrigation have contributed significantly in economic growth. Community water supply takes priority over other water purpose worldwide. Investment in water and sanitation systems in developing economics brings a multitude of economic and social benefits. Water is very important in our national economic

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