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There is a view that India is naturally a circular economy. In this context examine the opportunities and challenges in realizing the potential of India’s Circular Economy.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

5. There is a view that India is naturally a circular economy. In this context examine the opportunities and challenges in realizing the potential of India’s Circular Economy. (250 words)

Reference:  Hindustan Times

Why the question:

The question is based on the premise of India and the options of becoming a circular economy.

Key Demand of the question:

Examine the opportunities and challenges in realizing the potential of India’s Circular Economy.

Directive:

Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction:

Start with what you understand by a circular economy.

Body:

Explain how India has the opportunity to save money, make money and do well by adopting the principles of the circular economy. It has the opportunity to leapfrog other economies and establish a leadership position.

Traditionally, the Indian economy has been one where reusing, re-purposing and recycling have been second nature. In a world that is increasingly running out of natural resources, this thinking is an asset that must be leveraged by businesses, policymakers and citizens in an organized manner and expanded to include other elements to make the economy truly circular.

Highlight the challenges before it.

Conclusion:

Conclude with way forward.