Economic Evaluation of Wildlife Conservation

Creation of national parks and sanctuaries is Government's strategies and is very much necessary for qualitative development of society. Forestry and wild life sector have not got required place in Indian economy. Till now, economics of wild life conservation and its contribution to GNP have not been discussed in details. In this paper, it has been tried to quantize the minimum benefits accrued to society by wild life management in national parks and sanctuaries. Sacrificed Benefit Approach Method, which is discussed here, gives an idea of minimum benefits which should be accounted as its contribution to GNP.