A nation's ability to grow socially and economically depends on its natural resources being used, conserved, and protected. The Natural Resource Accounting (NRA) system is concerned with the stocks and fluctuations of natural resources, including water, land, aquatic and terrestrial ecosystems, biota, and subsurface resources. Accounts for natural resources can be kept in both monetary and tangible values. The resources might include non-commercial environmental resources like water, air, and biological life as well as those that support commercial forms of production. Since India's economy is among the fastest-growing in the world in this globalised period, there is a greater use of natural resources. Because the sustainability of the nation's natural resources is at stake, it is imperative that both government and private organisations use natural resources responsibly. An accounting framework is required for this purpose, and Natural Resources Accounting (NRA) makes this feasible.