The Circular Economy

Abstract

The notion of a circular economy has gained traction as a substitute for the antiquated linear model, especially in emerging nations like India. This chapter examines the challenges, possibilities, legislative frameworks, technological advancements, socioeconomic effects, and future prospects of establishing a circular economy in India. By dissecting these elements, the chapter seeks to provide a thorough explanation of how the circular economy may have a significant influence on India's future. India's population and economy are growing quickly, which has led to a rise in waste production and resource consumption. The “take-make-dispose” approach, which is another name for the conventional linear economic model, has been a major factor in promoting this trend. Resources are depleted and the ecosystem is harmed when they are extracted, utilized to manufacture goods, and then discarded as trash. Given India's unique limits and the global push for sustainable development, the linear economic model is no longer feasible.