Planning in India: where is natural resources in the development strategy?

Abstract

Neither the draft approach paper to the previous plan strategies nor the draft approach of Eleventh Five Year Plan of India (2007- 12) address natural capital as a sources of growth in the development strategy of Indian Planning . But, it is argued that the development or degradation of natural capital makes a big difference to the life of masses. Also, the theoretical model in development economics argues that if the disadvantages of resource and land limitations are very larger than the advantages of technological progress, it will cause the growth of income per worker falling. So, without any piecemeal development programme, sustainable development programmes that integrates natural capital with the continuous development process strengthening the links between environmental regeneration and economic growth needs to be addressed in the planning strategy of India through continuous and integrated programmes and the schemes.Natural resources; Livelihood Assets; Five capital assets; Natural Capital in Development Economics