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Resource Based Economy in India
A Resource Based Economy intends to eradicate the concept of scarcity
altogether – by declaring all the earth’s resources as common heritage
of all the earth’s people, removing borders, and using technology to
abolish human labour. In a Resource Based Economy, there is neither any
need, nor any room for scarcity, corruption, poverty, hunger, conflict,
war, crime, prisons, riots, or any other evil we see in society today.
The term and meaning of a *Resource-Based Economy* was originated by
Jacque Fresco. It is a system in which all goods and services are available without the use of money, credits, barter or any other system
of debt or servitude. All resources become the common heritage of all of
the inhabitants, not just a select few. The premise upon which this
system is based is that the Earth is abundant with plentiful resource;
our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival.
A resource-based economy would utilize existing resources from the land
and sea, physical equipment, industrial plants, etc. to enhance the
lives of the total population. In an economy based on resources rather
than money, we could easily produce all of the necessities of life and provide a high standard of living for all.
What is a Resource Based Economy?
A Resource-Based Economy is a system in which all goods and services are available without the use of
money, credits, barter or any other system of debt or servitude. All
resources become the common heritage of all of the inhabitants, not just
a select few. The premise upon which this system is based is that the
Earth is abundant with plentiful resource; our practice of rationing
resources through monetary methods is irrelevant and counter productive to our survival.
A resource-based economy would utilize existing resources from the land
and sea, physical equipment, industrial plants, etc. to enhance the
lives of the total population. In an economy based on resources rather
than money, we could easily produce all of the necessities of life and provide a high standard of living for all.
A resource-based economy use technology
A resource-based economy would make it possible to use technology to
overcome scarce resources by applying renewable sources of energy,
computerizing and automating manufacturing and inventory, designing safe
energy-efficient cities and advanced transportation systems, providing
universal health care and more relevant education, and most of all by
generating a new incentive system based on human and environmental concern.
Wind
energy
Water energy |
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A resource-based world economy would also involve all-out efforts to
develop new, clean, and renewable sources of energy: geothermal; controlled fusion; solar; photovoltaic; wind, wave, and tidal power; and
even fuel from the oceans. We would eventually be able to have energy in
unlimited quantity that could propel civilization for thousands of
years. A resource-based economy must also be committed to the redesign
of our cities, transportation systems, and industrial plants, allowing
them to be energy efficient, clean, and conveniently serve the needs of all people.
Natural resources in India
India total cultivable area is 1,269,219 km² (56.78% of total land
area), which is decreasing due to constant pressure from an ever-growing
population and increased urbanization. India's major mineral resources include Coal (fourth-largest reserves in the world), Iron ore, Manganese , Mica , Bauxite
, Titanium ore, Chromite , Natural gas , Diamonds , Petroleum , Limestone and Thorium (world's largest along Kerala 's shores). India's oil reserves
, found in Bombay High off the coast of Maharashtra , Gujarat , Rajasthan and in eastern Assam meet 25% of the country's demand.
India's inland water resources comprising great rivers as Ganga, Yamuna, Brahmaputra, Indus, Godvari, Krishna,
Satlaj, Kaveri etc, canals, ponds and lakes and marine resources comprising the east and west coasts of the Indian ocean and other gulfs and bays provide employment to nearly 6 million people in the
fisheries sector. In 2008, India had the world's third largest fishing industry.
The combination of rising oil consumption and fairly unwavering
production levels leaves India highly dependent on imports to meet the
consumption needs. In 2006, India produced an average of about 846,000
barrels per day (bbl/d ) of total oil liquids, of which 77%, or 648,000 bbl/d (103,000 m^3 /d), was crude
oil. During 2006, India consumed an estimated 2.63 Mbbl/d (418,000 m^3 /d) of oil
As per the Oil and Gas Journal, India had 38 trillion cubic feet
(Tcf) of confirmed natural gas reserves as of January 2007.A huge mass of
India’s natural gas production comes from the western offshore regions, particularly the Mumbai High complex. The onshore fields in Assam ,
Andhra Pradesh , and Gujarat states are also major producers of natural gas. As per EIA data, India
produced 996 billion cubic feet of natural gas in 2004.
Need to explore resource-based economy in India
India needs to explore alternative resources,
source traditional resources from new locations and leverage efficiency-enhancing technologies. The Indian government is working to
expand supplies of alternative energy sources such as wind, solar and
nuclear, while also overhauling the country's energy infrastructure
through technologies.
Next-generation solar power
Alternative energy sources such as wind power, hydro power, bio-energy
(biomass gasifiers) and next-generation solar power can create new
markets and export opportunities as well as provide a much-needed impetus to
India,s domestic manufacturing sector. Alternate fuels such as bio-fuels and shale gas will help reduce dependency on scarce,
high-priced conventional fuels and can turn India's energy situation
into a position of surplus. |
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India need to manage the resources
Land degradation, climate change and water scarcity are the major concern in India.
Estimates suggest that India's total water demand will double between
now and 2030. Newer sources of water are scarce, so the efficient water treatment
and water management system will need to step up. Shift to next generation fuels and renewable energy sources and pollution-causing fossil fuels should be
regulated. Export of coal, iron ore and other natural assets
should be regulated and illegal mining to be banned. By using resources in creative ways,
we can transform waste into assets, helping to provide food, raw materials and energy. In
India.s large agrarian economy, biomass - wood, agricultural residues and animal waste
is available in enormous quantities. The Energy and Resources Institute's
(TERI) biomass gasifier system uses biomass for power generation.
A resource-based economy would utilize existing resources from the land
and sea, physical equipment, industrial plants, etc. to enhance the
lives of the total population. In an economy based on resources rather
than money, we could easily produce all of the necessities of life and
provide a high standard of living for all. |
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