Balancing Emission Standards And Industrial Growth In India
Abstract
The article under analysis titled ‘Balancing Emission Standards and Industrial Growth in India’ discusses the issue of emission standards in India. It relates directly to the problem of whether present and future emission standards can be achieved with similar economic development. The paper shows the case of playing the role of emission standards as a conflict of interest for society, which is essential to minimize adverse effects on the atmosphere and human health at the same time, considering drawbacks, such as deteriorating industrial performance and the economic. The present and the intended emission standards of various industrial segments are investigated concerning different regions of India. The work uses historical policy analysis and quantitative analysis through an econometric model as a research method for evaluating the impacts of emission standards on industrial growth. On this account, it noted that while enhancement of regulatory standards that standardise emission reduction results in lower emissions, there are higher cost implications to operations that could slow industrial development. But the negative impacts are not impossible to overlook such as the stimulus of optimistic and unrealistic production targets, where incentive-based policies inclusive of tax credits towards green technologies help encourage innovation and sustainable development. The policy implications that ended the paper, this paper suggest a moderate strategy that increases emission standards over time and subsidizes industries to invent new ways of reducing emissions. Hence, the study shows the need to carry out a regional policy analysis geared towards promoting industrialisation while at the same time maintaining ecological balance within different regions of India.
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