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DUBLIN, March 28, 2022 /PRNewswire/ — The “Indian Water and Wastewater Treatment Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
The report projects India’s water demand to be twice the available supply by 2030, implying severe water scarcity for millions of people. A 2020 World Wide Fund for Nature (WWF) report forecasts 30 Indian cities to face a “grave water risk” by 2050 due to population growth.
The Indian water and wastewater treatment market is growing and gaining widespread attention. The World Bank commented that India could comfortably achieve 7.5% gross domestic product (GDP) growth every year, but not 8.0% unless it implements effective water management strategies.
Government agencies are implementing regulatory and funding mechanisms to open up the water and wastewater treatment market for private investments. It is an opportune time for market participants to achieve significant growth as the industry shifts toward deriving more project value-based outcomes (total cost of ownership ) and utilizing government expenditure efficiently.
Robust governmental initiatives, such as the Atal Mission for Rejuvenation and Urban Transformation, National Mission for Clean Ganga, Jal Jeevan Mission, and Community Drinking Water Schemes, contribute to the growth of the Indian water and wastewater treatment market.
India’s total utilizable water resource is pegged at 1,123 billion cubic meters (BCM). In 2017, it was reported that approximately 946 BCM were consumed across …
Full story available on Benzinga.com
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