The country's breakneck economic growth has helped multiply people's wealth, but may leave behind a poor environment for them to live in, fears economic think tank Icrier.
"While capital formation in manufactured assets has been fuelling wealth accumulation in the economy, there has been a rise in the degradation of natural capital stocks," Icrier said in its working paper 'Measuring Sustainability with Macroeconomic Data for India'.
It said that increasingly, in India, concerns have been voiced regarding the sustainability of economic growth over the last couple of decades due to its impact on environment.
"The current apprehensions regarding future adverse impacts of climate change have further fuelled the debate on the long-run sustainability of the current pattern of economic growth," it added.
However, the report said on a positive note that in spite of all the natural degradation, the per capita income in the country has increased manifold over 1990's.
In this regard, it pointed out,"considering the aggregate picture, taking note of investment in human capital, produced capital and the depreciation of natural capital, there has been net wealth accumulation in the economy".
