Valuing water is the process of recognizing and assessing the importance of water in economic, social, environmental, and cultural terms. Water is a unique natural resource that is essential for life, ecosystem functioning, economic development, and human well-being. Unlike ordinary commodities, water has multiple dimensions of value that cannot always be measured in monetary terms. The concept of valuing water has gained significance due to increasing water scarcity, climate change, pollution, population growth, and competing demands from agriculture, industries, households, and ecosystems. Proper valuation helps policymakers allocate water efficiently, promote conservation, ensure equitable distribution, and achieve sustainable water resource management. The concept of water valuation extends beyond pricing. While water pricing refers to the amount paid by users, water valuation includes both market and non-market benefits derived from water resources. The value of water differs according to its availability, quality, location, time of use, and the purpose for which it is utilized. Integrated Water Resources Management (IWRM) emphasizes understanding these multiple values to support balanced decision-making. Water values are broadly classified into use values and non-use values. Use values are associated with the direct or indirect utilization of water resources, whereas non-use values arise even when people do not directly use water but still derive satisfaction from its existence or preservation. Use values include direct use values, indirect use values, and option values. Direct use values refer to benefits obtained from the immediate consumption or utilization of