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The four most pressing environmental concerns of India are: Water pollution, air pollution, deforestation and soil erosion. In addition to global problems like global warming, ozone depletion, greenhouse gas reduction etc. The rapid and extensive use of both renewable and non-renewable sources has led to exploring of alternative resources which requires high investment. These alternative resources are also high on maintenance. Imbalance in environment brings about diseases which may be air or water borne, which will increase the expenses. The cost of managing diseases and finding alternative resources are the opportunity costs associated with the environment. Therefore correcting environmental damages involves opportunity costs.