August 11, 2016
India’s forests worth $1.7 trillion
India’s forests value is approximated at $1.7 trillion, lower than its $2.1 trillion GDP, but higher than the GDP of countries such as Korea, Russia, Canada or Mexico. The Indian government has set an expert panel back in 2013 as to evaluate the forests at the net present value (NPV). The evaluation of the forest land has been asked in the case it had to be diverted for industrial or construction purposes, according to Quartz India. “The numbers are definitely shocking. The moment you put a value to these forestlands is ...
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