India’s initiative to study the global benchmarks for water trading indicates that the NITI Aayog, as a national body of planning, has decided to continue with its neoliberalist stand and strengthen it further.
If this comes into effect, though it is a national resource, water will be sold like gold and silver. As NITI Aayog Looks into Water Trading, it Should Know the High Costs it May Bring (thewire.in)
Since the idea is directly concerned with property rights, the foremost challenge is how the legitimisation of monopolisation and exploitation of water and water resources will be justified in prevailing constitutional settings. How will the principles of equality and rights over water as a property be defined for water markets? Once water becomes a commodity for trade, a disturbing question will be what can be a ‘comfortable’ price of water for the poor and middle classes.
For a country like India, this idea also presents a challenge to equity. Instead of fighting for water for all, it encourages more water to the price payers.
As the purpose of trade is to increase private surplus value, the worry is how the government will control the exploitation of groundwater. The NITI Aayog cannot afford to avoid the fact that big farmers and industrialists can collect excess amounts of water by investing in water trading. To ensure more water, they can establish water plants in plain lands and extract groundwater excessively by using advanced technology, as Nestlé is currently doing.
17/02/2023