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July to September 2025 Article ID: NSS9246 Impact Factor:8.05 Cite Score:1166 Download: 45 DOI: https://doi.org/10.63574/nss.9246 View PDf
Eco-Economic Valuation of Forest-Based Plant Biodiversity and Its Linkages with Human Health: A Commerce-Based SDG Analysis
Anant Kumar Garg
Research Scholar and Environmentalist, Mcom, Indira Gandhi National Open University, New Delhi
Abstract: Biodiversity provides ecological services
that are fundamental for human health and economic sustainability. In India,
forest-based plant biodiversity offers critical resources such as medicinal
plants, food supplements, and raw materials for industries. However, their
economic valuation remains inadequately integrated into commerce and policy
frameworks. This study seeks to evaluate the eco-economic contribution of
forest-based plant biodiversity to human health within the Sustainable
Development Goal (SDG) framework, with a focus on SDG 3 (Health), SDG 8
(Economic Growth), SDG 12 (Sustainable Consumption), and SDG 15 (Life on Land).
Using an exploratory approach based on secondary data interpretation, case
studies, and indicative valuation methods, the research demonstrates the dual
role of biodiversity in ensuring health security and enabling livelihood
opportunities. Results highlight that plant-based ecological services not only
reduce healthcare costs but also generate sustainable income through eco-commerce.
The COVID-19 pandemic further underscores the risks of biodiversity loss for
public health, reinforcing the need for conservation and restoration. The
findings underline the urgency of mainstreaming biodiversity valuation into
commercial decision-making and policy interventions. The study concludes by
offering policy recommendations for integrating biodiversity-health linkages
into national economic planning, thereby reinforcing India’s commitments to
global sustainability targets.
Keywords: Forest finance, biodiversity, human health,
eco-commerce, sustainable development goals, India.
