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Forest resource accounting for sustainable forest management: An exploratory study in India

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Forest Resource Accounting (FRA) is an important instrument of sustainable forest management (SFM). It facilitates estimation of the economic value of tangible and intangible forest benefits and the contribution of the forestry sector to gross domestic product (GDP). This article presents a critical review of the practice of FRA in the light of experience in India. Case studies are used as the empirical basis to propose an improved system of FRA on lines of the system of integrated environmental and economic accounting (SEEA). Also explored is the role of FRA in facilitating the achievement of the goals of SFM. The study shows that the contribution of the forestry sector to India's economy could be significantly enhanced if the value of unrecorded forest benefits were included in the national system of accounts.
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Keywords: SEEA; forest resource accounting; natural capital; sustainable forest management valuation of forest benefits India; system of national accounts

Document Type: Research Article

Affiliations: 1: Indian Natural Resource Economics and Management Foundation. 2: Indian Institute of Forest Management.

Publication date: 2010-06-01

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  • The International Journal of Technology Management and Sustainable Development supports new philosophies on technology and development, their relationship to globalisation, and the problems of world poverty and environmental degradation. The journal explores global, social, economic and environmental conditions in relation to shifts in technology and market paradigms.
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