Chhattisgarh Forests: A Rs 1.41 Lakh Crore Economic Powerhouse

A comprehensive valuation study conducted by TERI for the Chhattisgarh forest department has unveiled that the state's forests generate approximately Rs 1.41 lakh crore annually through ecosystem services. This contribution represents a significant 11.4% of Chhattisgarh's Gross Domestic Product (GDP).

The assessment highlights that the economic and ecological worth of these forests substantially exceeds conventional estimates, which were primarily based on timber and logging. With forests covering nearly 44% of its geographical area, Chhattisgarh's natural resources provide essential support to millions, particularly tribal and forest-dependent communities.

This extensive valuation accounts for tangible forest products like timber, bamboo, and Minor Forest Produce, alongside crucial ecological services. These include carbon sequestration, climate regulation, water conservation, pollination, soil health, biodiversity, and ecotourism. Regulating services alone contribute around ₹48,908 crore yearly, while biodiversity and supporting services add over ₹56,000 crore.

These findings strongly advocate for increased investment in forest protection and restoration. The report also points to innovative financing like carbon finance and green economy frameworks as means to fund conservation efforts and community development. Chhattisgarh is already a leader in conservation, utilizing technology for wildlife monitoring and habitat restoration.

The Forest Department aims to integrate ecosystem service valuation into development planning. This approach will help redefine forests as foundational assets for economic growth and ecological security, rather than just timber resources. Strengthening conservation investments is crucial for the long-term protection of these valuable forest landscapes.