This book investigates the integration of environmental costs and benefits into industrial accounting frameworks to achieve sustainable economic development. The authors, M.N. Murty and Surender Kumar, utilize their expertise from the Institute of Economic Growth to bridge the gap between traditional industrial accounting and ecological impact assessment. By refining standard methodologies, they provide a structured approach for policymakers and industrial leaders to incorporate environmental values into economic decision-making processes.

Experts recognize this work as a foundational text for understanding the intersection of environmental economics and industrial policy within the Indian context. Readers frequently note the technical density of the prose, which serves as a rigorous resource for students and practitioners of environmental accounting.