What is the impact of environmental clearances being accorded in 75 days on India's economy

Understand the link between environmental clearances and economy in India.
- Environmental clearances are a crucial aspect of economic growth in India, as it ensures that industrial and infrastructure projects are being developed in a sustainable and environment-friendly manner. - The process of obtaining environmental clearances in India has historically been time-consuming and complex, leading to delays in project implementation and significant economic losses. - The recent decision to accord environmental clearances within 75 days is expected to fast-track project approvals and contribute to the growth of India's economy. - With faster clearances, industries can begin their operations sooner, leading to an increase in production and employment opportunities. - Additionally, faster clearances can also attract foreign investments, as it signals a business-friendly environment. - However, it is important to note that environmental clearances must not come at the cost of environmental degradation. Adequate measures must be taken to mitigate and prevent any adverse impacts on the environment.
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