Pawan Kumar Sachdeva

Pawan Kumar Sachdeva
Electricity bill tax component often greater than total water bill!
Why are water bills in India so low when compared to electricity bills? Shouldn't water be awarded an economic value, keeping in mind it's growing scarcity?
Posted on 28 Mar, 2016 11:24 AM

Water is more useful in terms of survival than diamonds. So why then does the latter, which is mostly for ornamental purposes, command a higher price in the market? This contradiction is termed the diamond-water paradox or the paradox of value.

Water must be priced based on its value (Source:India Water Portal)
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