WATER MANAGEMENT

Regardless of industry or geography, smarter water management remains an issue faced by everyone on the planet. While the world’s population tripled in the 20^th century, use of renewable water resources has grown six fold. Within the next fifty years, the world population is expected to increase by another 40-50%. With this growth coupled with ever-growing industrialization & urbanization-demand for water could soon outpace the supply. There is a socioeconomic cost associated with water shortage or lack of access to clean, drinkable water. As per some estimates, for every percent of water that becomes unusable, 2000,000 jobs may be lost, which could lead to a 5.7% drop in disposable income on a per capita basis & a 5% increase in government spending. Also, a lack of usable water would have a negative impact across all industries & in all corners of the world. Water deficits, whi8ch are already spurring heavy grain imports in numerous smaller countries, may soon do the same in larger countries like India & China.