Economics • Indian EconomyMedium
In the context of the Indian economy, what is 'Green GDP' intended to measure?
A. The total output of renewable energy equipment and electric vehicles
B. Gross Domestic Product adjusted for environmental degradation and depletion of natural resources✓ Correct Answer
C. Agricultural output produced strictly via organic farming practices
D. The net carbon tax revenue collected by central and state governments
💡 Solution & Explanation
Green GDP refers to Gross Domestic Product adjusted for environmental degradation and the depletion of natural resources, providing a more comprehensive indicator of sustainable growth than traditional economic metrics. Focusing solely on renewable energy output, organic farming, or carbon tax revenue misses the broader accounting framework of environmental asset depreciation. This concept is increasingly relevant in economics and sustainable development syllabi.
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