Do more with less

03 Jan 2020

Economic development and human well-being hinge on the availability of natural resources on affordable terms. India's ambition of high growth and meeting human aspirations has led to the widespread use of natural resources, many of which are non-renewable and import-dependent. For example, crude oil. In 2018, India imported more than 225 million tonnes of crude oil at a cost of $130 billion. India’s demand for fuel and non-fuel resources has been skyrocketing in recent times owing to strong economic growth and technological advancements. Between 1990 and 2017, India's material consumption increased almost three times from 2.5 billion tonnes to 7.4 billion tonnes.

Tags
Circular economy
Economic growth
Resource efficiency
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