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85% of water resources is used in agriculture. Price of water is not taken into account while declaring the Minimum Support Price (MSP) for different crops by Government of India (GoI). Origin of water, depletion of groundwater table and its effect on sea level changes and climate are discussed with reference to geomorphology of Sahyadri hill range, where both east and west flowing rivers of peninsular India take their origin. New price based on incentive to be given to farmers who take up growing crops using less water compared to rice and sugarcane is suggested.