India is fast becoming the waste dump of the world. The hazardous stuff is only the start of it.
Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe that importing the world’s trash makes for good economics?
Debarshi Dasgupta in Outlook