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depleted and negative externalities like greenhouse gas emissions in the industry aren't counted. Consumers
think they're buying affordable goods — but these are affordable only because the cost of polluting the air,
ground, or water in making these is not included in the price. If it were, our notions of growth would entirely
change, given its ecological and health
impacts. There is now increasing regulation on businesses taking extended responsibility for their products
in many advanced economies, even after these go into the supply chain. There's legislation, government
intervention, and consumer pressure on businesses to think about recovering and recycling products.
India developed the three pillars of circularity — sharing resources, making goods yourself and reusing-
recycling. India has a deep philosophical tradition of being able to live a good life without excessive goods.
Traditional Indian society celebrated balancing one's desires with respecting nature as the source of
everything. India can offer this worldview to the world while it modernises its own circular practices.
Electronic waste as a hazard dealt with mainly through disposal — but research indicates that electronic
'waste' in India goes through many cycles of reuse, repair and resale, so, in fact, wasting is regularly deferred.
In India, mass collections of used electronics are repaired, refurbished, and resold in bulk to other
businesses. The used electronics economy redirects so- called 'waste' back into use, producing new products
from used parts or reselling used things to new companies.
RESAERCH OBJECTIVES :-
1. To identify the potential sectors in India having broad scope for implementing circular economy
practices.
2. To examine the role of circular economy efforts in achieving SDGs in India.
RESEARCH METHODOLOGY :-
Information is collected and analyzed Qualitatively. Case Study approach is used to analyze the efforts made
in India in the four focus areas to achieve the UN’s Sustainable Development Goals.
DISCUSSION
Circular Economy Opportunities
Circular economy is now widely accepted in business as a waste reduction method. Companies have strived
to achieve "zero waste" by finding applications for rejected materials and completing the loop in their supply
network. Circularity enhances corporate and community resilience by minimising reliance on finite
resources and long-distance supply chains and saving money, and lowering the company's environmental
impact. Progressive company leaders have used the notion as a cost-effective approach of strengthening
organisational sustainability and resilience (Ellen MacArthur Foundation 2017). (Ellen MacArthur
Foundation 2017).
4 focus areas: Cities & construction, electronics, and electrical appliances, food & agriculture, mobility &
vehicle manufacturing
More than two-thirds of the average household's spending goes toward these four priority sectors, which are
also predicted to expand at the fastest rate. They are the largest employer, but they also use the most
resources and produce the most harmful externalities.
Cities and Construction
Cities that can accommodate India's growing population, both in terms of built environment and
infrastructure. 60 percent of India's population would reside in urban areas by 2050 - up from approximately
30 percent today, 70 percent of structures that will exist in India in 2030 have yet to be completed. Choices
taken now will define India's mid-to-long-term growth. India may assist satisfy the requirements of its rising
population while avoiding being stuck into resource-ineffective structures and infrastructure.
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