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Circular Economy in India Circular Economy in India

Circular Economy in India: Rethinking growth for long-term prosperity

Circular Economy in India: Rethinking growth for long-term prosperity shows that a circular economy path to development could bring India annual benefits of ₹40 lakh crore (US$ 624 billion) in 2050 compared with the current development path – a benefit equivalent to 30% of India’s current GDP. This conclusion rests on high-level economic analysis of three focus areas key to the Indian economy and society: cities and construction, food and agriculture, and mobility and vehicle manufacturing. The research shows that realising these benefits fully would require applying circular economy principles in combination with harnessing the unfolding digital and technological transformation, all tailored to the Indian context.

The study focuses on three areas key to the Indian economy and society: cities and construction, food and agriculture, and mobility and vehicle manufacturing. It reveals that by launching new circular economy initiatives and reinforcing existing efforts, India could leverage its expected high levels of growth and development to build a more resource-effective system, creating value for businesses, the environment, and the Indian population.