Question

The National Water Policy, $2012$ devised by the Government of India describes water as ‘an economic good’. Why?

Answer 1

Hint: The National water policy is started by the ministry of water resources of the government of India in order to regulate the plan and the development of the water resources in India with the highest utilization. At first, it was formulated in$1987$. After that it was renewed in $2002$. At last this national water policy I updated in the year $2012$.

Complete answer:
The National Water Policy, $2012$describes the water as the economic good for mankind. This is because water goes on polluted and it is not efficiently used. And the human consumes the water daily for many purposes and there is a decrease in the availability of the water. It must be used efficiently without any wastage and must promote its conservation. Since the water is believed to be the economic good, its provision of the water delivery system is privatized from the various quarters.

This policy also did many procedures for the water allocation to the various areas and these are formulated in the policy of the year $1987$ and the $2002$. This policy mainly deals with the reduction of the exploitation of the ground water resources, safety measures of the dam storage structures, and the water related projects are taken in the areas of human settlements. Setting the usage of the water in the different standards as the drinking water, agricultural irrigation, navigation, hydropower etc. Resources were provided for the planning and the recycling of the water.

Thus, the water is considered as the economic good in the National Water Policy, $2012$.

Note: The water is used for many purposes like drinking, domestic usage, industries, factories, agricultural irrigation, hydro power plants etc. The water used by these areas differ in the quality and the quantity. The drinking water must be clean and free of pathogens. Hence the water treatment plants are constructed.