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Magadh Today - Beyond Headlines > Latest News > Bharat > Water as a Tradable Commodity: NITI Aayog’s Vision for a Productive Future
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Water as a Tradable Commodity: NITI Aayog’s Vision for a Productive Future

Gulshan Kumar
Last updated: 2023/09/08 at 8:36 PM
By Gulshan Kumar 2 years ago
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New Delhi- In a profound exploration of water resource management, the esteemed NITI Aayog has put forth a groundbreaking proposition. Their latest report, titled ‘Water Trading Mechanism to Foster the Reuse of Purified Water,’ posits that venturing into trading treated wastewater among industrial entities could usher in a new era of water efficiency and productivity.

Reinventing Water as a Tradable Commodity

In an era of burgeoning urbanization, wastewater generation has surged. Regrettably, a mere 40% of this deluge undergoes treatment, with even that scant portion failing to find productive reuse. NITI Aayog’s report cogently underscores the pressing need to instigate a paradigm shift towards the constructive deployment of treated wastewater. The proposal conspicuously abstains from penalizing profligate agricultural water consumption. Instead, it ardently seeks to incentivize and fortify judicious water utilization.

A Novel Approach: The Water Allocation-Credit Exchange

Central to this visionary proposal is the concept of trading the excess water saved, tantamount to the disparity between actual consumption and water allocation. This surplus resource could be bartered among industries or fellow agriculturists in exchange for coveted credit points.

A Global Waterscape

It is paramount to acknowledge that while contemplating the implementation of a comprehensive water trading system within India may be fraught with socio-economic complexities, exploring the bounds of treated wastewater exchange among industrial players exhibits tantalizing potential.

In summation, as the world grapples with the relentless march of urbanization and the resultant upsurge in wastewater, NITI Aayog’s audacious proposal beckons India to embark on a journey toward a water-secure and resourceful future.

 

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