Water Resource Economics

Towards a Sustainable Use of Water for Irrigation in India

  • M.G. Chandrakanth

Table of contents

  1. Front Matter
    Pages i-xli
  2. M.G. Chandrakanth
    Pages 1-24
  3. M.G. Chandrakanth
    Pages 25-36
  4. M.G. Chandrakanth
    Pages 43-82
  5. M.G. Chandrakanth
    Pages 83-86
  6. M.G. Chandrakanth
    Pages 87-94
  7. M.G. Chandrakanth
    Pages 95-107
  8. M.G. Chandrakanth
    Pages 109-123
  9. M.G. Chandrakanth
    Pages 125-138
  10. M.G. Chandrakanth
    Pages 149-172
  11. M.G. Chandrakanth
    Pages 191-195
  12. M.G. Chandrakanth
    Pages 205-208
  13. Back Matter
    Pages 209-212

About this book


This book uses resource economics costing approaches incorporating externalities to estimate the returns for the country’s irrigation, and demonstrates how underestimating the cost of water leads farmers to overestimate profits. The importance of the subject can be judged in light of the fact that India is the largest user of groundwater both for irrigation and for drinking purposes, pumping twice as much as the United States and six times as much as Europe.
Despite water’s vital role in ensuring economic security for the nation and farmers alike by supporting more than 70% of food production, water resource economists are yet to impress upon farmers and policymakers the true value of water and the urgent need for its sustainable extraction, recharge and use. In an endeavor to promote more awareness, the book further delineates the roles of the demand side and supply side in the economics of irrigation, and explains how the cost of water varies with the efforts to recharge it, crop patterns, degrees of initial and premature well failure, and degrees of externalities. It also discusses the importance of micro-irrigation in the economics of saving water for irrigation, estimating the marginal productivity of water and how it improves with drip irrigation, the economics of water sharing and water markets, optimal control theory in sustainable extraction of water, payment of ecosystem services for water, and how India can effectively recover.
In closing, the book highlights the role of socioeconomic and hydrogeological factors in the economics of irrigation, which vary considerably across hard rock areas, and the resulting limitations on generalizing.


Demand and Supply side Economics Drip irrigation Groundwater Reciprocal Externality Resource Scarcity Sustainable extraction

Authors and affiliations

  • M.G. Chandrakanth
    • 1
  1. 1.Department of Agricultural EconomicsUniversity of Agricultural SciencesBangaloreIndia

Bibliographic information