A Circular Economy for All - ‘What Goes Around Comes Around!'
TerraGreen|May 2021
In this article, Sarah Berry highlights that for a rapidly developing country such as India, the adoption of a circular economy is of paramount importance, not only because of the rate of growth the country is undergoing and projecting, but also because of the numerous benefits this concept brings with it.
Sarah Berry
A Circular Economy for All - ‘What Goes Around Comes Around!'

My recent visit to a bookshop took me by surprise: I saw it filled with deeply engrossed individuals trying to secure their next ‘best friend’. The surprise element was more attributed to an amalgamation of the pandemic and the hostile takeover by e-books. However, whatever said and done, though technology seems to have taken over most of our lives, there still seems to be ample room for the ‘old school’.

Technology dissemination that happens via devices of all shapes, sizes and forms has made our lives so dependent on it that we no longer remember meeting dates, birthdays, phone numbers, and so on—as we used to do earlier. And, this is just one aspect. We humans do not seem to have enough of our technical gadgets.

As per Invest India, the world’s fastest growing industry, that is, Electronics System Design and Manufacturing (ESDM) continues to transform lives, businesses, and economies across the globe. The global electronics market is estimated to be over $2 tn. India’s share in global electronics manufacturing has grown from 1.3 per cent in 2012 to 3 per cent in 2018. Some other noticeable points are as follows:

• India is expected to have a digital economy of $1 tn by 2025

• One of the largest electronics markets in the world anticipated reaching $400 bn by 2025

• India’s ESDM sector is expected to generate $100–130 bn in economic value by 2025.

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