Ghosh warned that water scarcity must not be viewed as a sectoral issue, but one that "transcends the entire economy."
Asian economies "must understand that it is a regional common good and it is in their own interest to mitigate the risks that come their way in order to prevent the economic shocks that severe water scarcity will impose," he said.
India, now the world's most populous nation, will be the hardest hit from water scarcity.
"Water scarcity is not particularly problematic to these industries because a lot of the water can be recycled.
The Gezhouba dam water conservancy project of the Yangtze River after heavy rain in Yichang, Hubei Province, China.
Persons:
Ritesh Shukla, Arunabha Ghosh, It's, Ghosh, Shanshan Wang, Wang, Wayne Middleton, Arup
Organizations:
Getty, Council, Energy, CNBC, World Bank, Lowy Institute, Arup, Visual China, Getty Images, Water, Future Publishing
Locations:
Peth, India, China, Asia, Philippines, Singapore, Kunming, Yunnan Province, Getty Images India, Taiwan, Yichang, Hubei Province