Inclusive Wealth as a measure for Economic Development

Introduced by the United Nations Environment Programme (UNEP) and UNU-IHDP, the IW framework encompasses a country's natural, human, social, and physical resources. This approach is especially relevant in India, where its diverse socio-economic landscape calls for a more comprehensive assessment of wealth.

The Global Wealth Index 2023 shows that global inclusive wealth has increased by nearly 50% over the past 30 years, reflecting strong economic growth. However, this growth has led to a significant depletion of natural capital, with over a quarter lost during this period. This highlights the urgent need to balance economic progress with sustainable resource management.