Published Paper Details:

Water is the basic need in every living being�s life. Without water, no living being can survive. Water has always had the greatest utility. Sadly, its value has been underestimated, because of its previously perceived abundance. But as society started growing economically, socially, politically, technologically and populously, the resources started depleting. It has caused strain on the existing water resources. Thorough examinations of the laws and judicial decisions reveal that they are not based on consistent and sound policies. Ground water and surface water has been treated differently. These bring in more conflicts. Particularly in the present times when India has seen grave violations of peace and security on account of unfair distribution of water and the demand for clean potable water. Interestingly a price tag on water is viewed as an aberration of human rights. No government worth its name can put a price tag on water. Hence the importance of research in the above-mentioned subject. Economic theories offer help in the form of a more realistic analysis, offering practical reasonableness in the way water management is done. The diamond paradox, the value theory and even the subjective theory can help lawyers and policy makers analyze and understand the present-day problems with respect to water and find an efficient way of carving out a meaningful right to water. Hence this paper explores into the following research questions.