The objective of this case study is to construct forest resource accounts for the state of Maharashtra, India, and incorporate the value of depletion and degradation of forest resources into the system of national accounts (SNA). The net state domestic product (NSDP) is adjusted for the depletion of the forest resources to obtain environmentally adjusted net state domestic product (ESDP). The results show that the value added by forests is 3.56 percent of NSDP and the value of depletion is 19.8 percent of the estimated value added. The ESDP of Maharashtra is found to be 99.3 percent of the estimated NSDP. The study has demonstrated that, although the existing database needs further improvement, forest resource accounting is feasible for the state of Maharashtra, India, and can serve as an indicator of economy’s performance.
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