By Devinder Kumar
NEW DELHI | GENEVA (IDN) – As India takes a prominent place in the globalised economy, it can choose its development path, and look beyond a linear ‘take, make and dispose’ model of growth by embarking on a circular economy transformation, and thus create economic, environmental and social value for its businesses and population, says a new report.
All the more so because “in an interconnected world predicated largely on a linear economic model, India’s development faces resource challenges and negative externalities – yet this scenario is not inevitable, and many opportunities can be derived from adopting a value-preserving model”, says the report produced by the Ellen MacArthur Foundation in association with the United Nations Conference on Trade and Development (UNCTAD).