Economic valuation of nature’s contribution guides the decision-making process for sustainable resource management. As a pioneer effort to calculate nature’s contribution to the Himalayan plateau, this study uses an inclusive wealth method and geographic information system. The statistical analysis estimates the natural capital (NC) of Ladakh, India, and discusses the policy to ensure sustainable management of the natural resources. The economic value of nature’s contribution in Ladakh is increasing from the year 1990 to 2018. These economic valuations for nature’s contribution include different attributes, such as forest, agricultural land, animal husbandry, fishery, minerals and fossil fuels. Nature’s contribution to the economy of the study area is mainly from fossil fuels (91%) and minerals (6.9%) driven. This trend is not sustainable for long-term sustainable growth of the area. The results suggest several policies to ensure sustainable NC management in Ladakh, India.
All Science Journal Classification (ASJC) codes
- Global and Planetary Change
- Health(social science)
- Geography, Planning and Development
- Sociology and Political Science
- Nature and Landscape Conservation
- Management, Monitoring, Policy and Law