ABSTRACT
Gross domestic product (GDP) is considered the most widely used standard to measure the development rate of any country. A country's growth is judged by its GDP, which primarily is calculated based upon the growth of its industries, real estate, and other service-related industries. A developing country such as India, where 85" of its people can afford only bare necessities, a growing rate of GDP has little significance. GDP, as Dr. Joshi argues, is instead a comprehensive index of unsustainable growth largely based on industrial growth and infrastructural development. Especially in last two decades, the growing GDP in India has adversely impacted its environmental resources. It is high time to replace GDP with gross environmental product (GEP) in all national and international forums and conferences. India's national minister for environment and forests, Jairam Ramesh, was establishing an expert group to transition India from GDP to a Green GDP model.
