India Plans to Include Environmental Costs in GDP Data – Bloomberg

India plans to quantify the cost of environmental damage to the economy when reporting gross domestic product figures within five years, an initiative it will encourage other governments to follow at the climate talks in Mexico.

“India will report a GDP that takes into account environmental degradation by 2015,” Environment MinisterJairam Ramesh said today at a conference in New Delhi. “We must provide leadership in this area.”

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