3 Things XLRI: Sustainability is the new competitive edge
Mar 27, 2026
Dr. Kalyan Bhaskar, XLRI associate professor focused on circular economy and e-waste, and Dr. Tata L. Raghuram, XLRI professor and wildlife board member with expertise in biodiversity, discuss aligning India’s fast growth with sustainability. They talk about linking development to environmental and social wellbeing. They explore biodiversity, ecosystem services, business incentives, education, and policy challenges.
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Sustainability Means People Planet And Profit
- Sustainability covers people, planet and profit, not only environmental protection.
- Kalyan Bhaskar traces the environment focus to postwar resource‑intensive growth and regulatory responses from the 1960s–70s, explaining why public perception narrows sustainability to environment.
Nature Underpins Economy And Society
- The economy and society are subsidiaries of the natural environment; protecting nature secures long‑term social and economic wellbeing.
- Tata L. Raghuram urges policy shifts from GDP‑only metrics to science‑backed decisions that value ecosystem services.
Require Science Based Review For Land Use Changes
- Use science‑based policymaking, data and broad stakeholder consultation when approving projects that divert forests or change land use.
- Tata L. Raghuram recommends autonomous institutions, CAMPA accounting and evaluating afforestation outcomes before approving new diversions.