Implications of circular economy concept for India economy: an analysis on automobile value chain in India (CD)

By: Contributor(s): Material type: Computer fileComputer filePublication details: Ahmedabad Indian Institute of Management Ahmedabad 2019Description: 53 p.: col. ill. Includes referencesSubject(s): DDC classification:
  • SP2019/2733
Summary: India has set an ambitious goal of becoming a 5 Trillion dollar GDP country by 2024, meaning a 9% compounded annual growth rate. This translates into increased demand for natural resources, especially steel, as infrastructure will become a key investment area to meet the GDP target. In this regard, our project scope was to study the application of the Circular Economy concept, which is the circular use of resources rather than the linear method (take-make-waste). This will reduce our dependency on the extraction of additional natural resources and thereby push for re-use of resources. From our analysis, it can be seen that by applying the concept of circular economy in the entire automobile industry value chain, we able to reduce the amount of iron ore that can be extracted & thus savings millions to our GDP.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Collection Shelving location Call number Status Date due Barcode
Student Project Vikram Sarabhai Library Non-fiction Audio Visual SP2019/2733 (Browse shelf(Opens below)) Not for Issue SP002733

Submitted to Prof. Sanket Mohapatra and Prof. Rama Mohan Turaga
Submitted by ePGP 2018-2020 batch (group project) in 4th term

India has set an ambitious goal of becoming a 5 Trillion dollar GDP country by 2024, meaning a 9% compounded annual growth rate. This translates into increased demand for natural resources, especially steel, as infrastructure will become a key investment area to meet the GDP target. In this regard, our project scope was to study the application of the Circular Economy concept, which is the circular use of resources rather than the linear method (take-make-waste). This will reduce our dependency on the extraction of additional natural resources and thereby push for re-use of resources. From our analysis, it can be seen that by applying the concept of circular economy in the entire automobile industry value chain, we able to reduce the amount of iron ore that can be extracted & thus savings millions to our GDP.

There are no comments on this title.

to post a comment.