NITI Aayog is working on draft recommendations to promote water trading and setting up of a water regulation authority. It is expected to put out a draft for public consultations, pitching all options, including futures and spot trading of water and tradable licences. It is studying the global benchmarks and laying out a roadmap for water trading as water is increasingly becoming a scarce commodity. It is expected to address India’s severe water woes across agriculture and other water-dependent industries, helping develop a market that will also encourage investment in increasing supply.
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