Microeconomics Case Study

Water Management in India: An Offspin of Scarcity?

OR

Abstract:
The case studies the issue of water scarcity with reference to India. While the scarcity of a good generally leads to price hike and reduction in its consumption, in case of water – which is the very base of food and livelihood – there is hardly any room for cut in consumption. The only way out is to restore water management. Whether water management should be guided by government regulation or market signals is explored through the course of the case.

Pedagogical Objectives:

• To understand the concept of scarcity and pricing
• To debate whether water management can address its scarcity.

Keywords : Scarcity and Economic Decisions, Water Levels and Water Scarcity in India, Water Management, User Fee, Government Regulation, Market Signals, Managerial Economics, Microeconomics, Economics for Business, Business Economics, Economics for Managers, Paul Samuelson