Transforming Development Metrics: Embedding Nature’s Value Through Gross Ecosystem Product (GEP) in India
Year: 2026
Type: article
Abstract: Planetary health recognizes that human health, well-being, and sustainable development depend fundamentally on the integrity of natural ecosystems that regulate climate, maintain biodiversity, secure food and water resources, and protect populations from environmental risks. As environmental degradation increasingly threatens this life-support system, there is a growing need for economic indicators that explicitly recognize the value of natural capital alongside conventional measures of development. Gross Ecosystem Product (GEP) has emerged as comprehensive metric for quantifying the monetary value of ecosystem services and informing evidence-based policy. This study estimates India’s GEP for the period 2011–2012 to 2020–2021 using an ecosystem accounting framework aligned with the System of Environmental Economic Accounting (SEEA). The analysis integrates provisioning services (timber, non-timber forest products, fuelwood, and fisheries), regulating services (carbon sequestration), and cultural services (nature-based tourism) using market price, replacement cost, and benefit transfer methods based on secondary data from national and published sources. India’s total GEP is estimated at US$207.05 billion, highlighting the substantial but under-recognized contribution of ecosystems to the national economy and societal well-being. Regulating services dominate GDP, with carbon sequestration alone accounting for US$166.73 billion, followed by provisioning services, while cultural services contribute a relatively smaller share. These findings reveal a significant gap between ecosystem contributions and their representation in conventional metrics such as Gross Domestic Product (GDP), underscoring the limitations of growth-centric development frameworks. By integrating ecosystem values into national accounting, GEP provides a practical tool for advancing planetary health, strengthening climate resilience, conserving biodiversity, supporting ecosystem-based management, and guiding policies that align economic development with ecological sustainability and long-term human well-being.
Source: Challenges
Author: Muniyandi Balasubramanian
Institution: Institute for Social and Economic Change
Language: English
Subfield: Management, Monitoring, Policy and Law
Field: Environmental Science
Domain: Physical Sciences
Open Access status: gold
Estimated APC paid: $1,689
OpenAlex ID: W7204757798