{"id":206883,"date":"2022-09-20T19:49:53","date_gmt":"2022-09-20T14:19:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=206883"},"modified":"2022-09-20T19:49:53","modified_gmt":"2022-09-20T14:19:53","slug":"market-forces-could-play-a-role-in-india-water-security","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/market-forces-could-play-a-role-in-india-water-security\/","title":{"rendered":"Market forces could play a role in India water security"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cMarket forces could play a role in India water security\u201d <\/strong>published in the mint <\/strong>on 20th September 2022<\/strong>.<\/p>\n

Syllabus: <\/strong>GS2- Government policies for development in various sectors. GS1- Economic Geography<\/p>\n

News<\/strong>– The article explains the need for enhancing water use efficiency in India and the roadmap for achieving this target.<\/p>\n

Why has the importance of water security increased?<\/strong><\/h5>\n

According to a NITI Aayog report<\/strong>, 600 million Indians face extreme water stress.<\/p>\n

Water demand for irrigation is expected to grow by 14% by 2025, for domestic needs and double for industrial use.<\/p>\n

Water efficiency is low in India. A Global Water Intelligence study<\/strong> shows that water loss in India is almost at 50%.<\/p>\n

What are the best practices for water use efficiency around the world?<\/strong><\/h5>\n

Australia Water Efficiency Labeling and standard scheme<\/strong>– It reduces water consumption by promoting use of technologies and products that save water. Products are given a water efficiency rating.<\/p>\n

Singapore Mandatory Water Efficiency Management Practices<\/strong>– Commercial entities are required to submit details of their water consumption and water efficiency plan to concerned government department. With this data, water efficiency benchmarks for different sectors are developed.<\/p>\n

What should be the further course of action?<\/strong><\/h5>\n

India’s star rating programme for energy efficient products has been a successful initiative.<\/p>\n

A water rating system<\/strong> needs to be developed to measure water consumption by individuals.<\/p>\n

Demand at individual level needs to be monitored. We need to fast-track the installation of water meters.<\/p>\n

Customers need to pay for water consumption. Prices need to be higher in water-stressed areas to incentivize the saving of water.<\/p>\n

There is a need to generate political will for introducing market methods of demand and supply.<\/p>\n

The proposed National Bureau of Water Use Efficiency<\/strong> needs to be established.<\/p>\n

A multi-year coordinated effort between government, customers, and businesses is required.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cMarket forces could play a role in India water security\u201d published in the mint on 20th September 2022. Syllabus: GS2- Government policies for development in various sectors. GS1- Economic Geography News– The article explains the need for enhancing water use efficiency in India and the roadmap for… Continue reading Market forces could play a role in India water security<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,11126],"class_list":["post-206883","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-the-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704918157},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/206883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=206883"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/206883\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=206883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=206883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=206883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}