ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Way Forward to Green Economy?

Khadi Production in India

Unlimited growth for prosperity in a fi nite planet is not possible. Ecological economists like Tim Jackson, Peter Victor, and others talk about prosperity without growth and highlight the need for greening the economy on a community scale. Using the "criteria of green economy enterprise" set by Jackson and Victor as a tool, this article looks at khadi production, India's community-level cloth production system.

“A green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities” (UNEP 2012). The single-most important challenge that humanity faces today is the need for economic development within ecological limits. Humanity must live within clear planetary boundaries to attain sustainability in the long run (Rockström et al 2009). Human well-being/prosperity should be the core agenda of an economy, which motivates economic activity and justifies economic output.

There is a strong relationship between ecology and prosperity (Jackson 2009) and “prosperity can only be conceived, as a condition that includes obligations and responsibilities to others” (Sardar 2007). Economic activity, which undermines ecology, will lead to unsustainable prosperity. Unsustainable consumption is at the heart of ecological crisis. It leads to financial instability (Tienhaara 2010).

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