Niti Aayog will bring out a policy for trading in Water on commodity exchange in India, similar to Gold, Silver and Oil. It aims to ensure better price discovery of water, efficient use and more investment into water resources.
What is Water Trading?
- Water trading is the process of buying and selling water access entitlements, also often called water rights.
- Water trade allows water holders to decide whether they need to buy or sell water at a particular time.
- 1st tradable water price futures index was launched on the Chicago stock exchange in 2020.
- It is in practice in Australia, Chile, USA Etc.
Course Purchase Query 