This book investigates the efficacy of implementing economic instruments to regulate and mitigate industrial water pollution within the Indian context. M. N. Murty, a recognized scholar in environmental economics, utilizes empirical data and policy analysis to evaluate how market-based mechanisms can supplement traditional command-and-control regulations. The work provides a rigorous framework for understanding the intersection of industrial growth, environmental degradation, and fiscal policy in a developing economy.

Experts identify this work as a foundational text for understanding the intersection of environmental policy and economic development in South Asia. Readers frequently note the academic density of the prose, which is tailored for researchers and policymakers in the field of environmental economics.