For months now, various studies and reports have talked about the high level of water stress across Indian cities. The alarm bells reached a crescendo when Chennai ran out of water recently, and media ran multiple reports on India's looming urban water crisis. Many solutions have been proposed but the most fundamental—the need to price water as an economic good—is rarely investigated. Water is invaluable; none of us can live without it. And so, historically, we've thought nothing about how we use it. Government after government, with a monopoly over the supply of water, has tried to control water supply.…
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