Circular Economy: A Business Imperative for India
The report provides insights and perspectives on how policy and businesses have to come together towards closing the loop. The report presents specific opportunities in four sectors that are cornerstones to the Indian economy – Agriculture, Automotive, Construction and Electronic & Electricals. These sectors have high potential for growth and are assessed for benefits accrued by adopting circular economy.
Specifically for businesses, the report offers ‘Material Circularity Indicator’ which would act as a self evaluation tool for businesses looking to assess their current circularity status. Further, the report highlights the policy framework and financing mechanisms required for transitioning India’s growth from the current linear economy towards a futuristic circular economy, through carefully selected case studies. This is only a preliminary assessment, and hopefully, this will generate debates and discussions on the subject and will also generate interests among the business community who might eventually come out with hundreds of business models, contributing to promoting a circular economy in India, and setting an example for the entire world.