Circular economy for Indian manufacturing industry.

Indian Consumer traditionally been known for the reusing product through generations to fullest of its life. Globalization has changed Consumer needs, purchasing power & social status which has sparked the changes in consumption pattern. Products are getting manufactured for single use instead of durable. This has been generating the lots of waste in day today life. Increasing population, its demand & consumption pattern has triggered a sharp rise in the input material demand & price. India's limited natural resources makes it difficult to suffice need of population. Circular Economy (CE) is the solution for the imbalance in supply vs. demand. It will bring societal changes towards circularity of product and material. Circularity helps to optimize the manufacturing cost and bring down product cost. CE enables the reduction in the waste generation in manufacturing industry as well as at customer end. CE is one of the biggest contributing factors towards United Nations Sustainable Goal (SDG12) of Sustainable Consumption & Production. CE Model serve the need of different economic layers of society. CE will help India in achieving economic prosperity and environmental goals. This Paper summarize the Circular Economy application areas and benefits in Indian Manufacturing Industry. [ABSTRACT FROM AUTHOR]