By embarking on a circular economy transformation, India could create direct economic benefits for businesses and citizens while reducing negative externalities.
Having experienced sustained and rapid growth over the past two decades, India is facing rapid urbanisation and industrialisation, with the associated negative externalities that this entails. Yet this scenario is not inevitable, as the country can preempt linear lock-ins. With its young population and emerging manufacturing sector, the country can make systemic choices that would put it on a trajectory towards positive, regenerative, and value creating development.
This report, led by the Ellen MacArthur Foundation with the support of ClimateWorks and UNCTAD as knowledge partner, focuses on three areas key to the Indian economy and society: cities and construction, food and agriculture, and mobility and vehicle manufacturing. It shows that a circular economy trajectory could bring India annual benefits of ₹40 lakh crore (USD 624 billion) in 2050, and would in addition reduce negative externalities. Greenhouse gas emissions, for example, would be 44% lower in 2050 compared to the current development path.
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