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Circular Economy and Sustainable Development in India: A Study

Indian Journal of Sustainable Development

Volume 10 Issue 1

Published: 2024
Author(s) Name: Ch. Naresh, Ch. Anitha | Author(s) Affiliation: School of Mgt. Studies, Gurunanak Institutions Technical Campus, Ibrahimpatnam, Telangana State
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Abstract

In the 21st century, developing nations like India face population growth, political strife, rapid urbanisation, food and water scarcity, environmental pollution, infectious diseases and climate change. In this scenario, circular economy (CE) simply makes social and economic sense to make better use of limited resources by building a system to reduce waste and keep items in use for longer periods of time. India is an emerging economy need to focus on the sustainable development to reach the $5 trillion economy in 2030. The achievement of sustainable development necessitates the implementation of transformative measures and groundbreaking advancements, which must be effectively executed by well-established, sizeable industrial entities. The integration of company development & sustainability is imperative for businesses to flourish, as facilitated by the CE. The present article discusses the principles of CE and Government initiations to build CE and policy frame work to achieve sustainable development in India.

Keywords: Circular Economy, Sustainable Development, Principles and Government Initiations

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