ENA Economy 2025-03-05 15:03:21 <p><span style="font-size:14px"><strong>Jaipur, Mar 5 (KNN)</strong> Union Minister for Forest, Environment, and Climate Change Bhupender Yadav on Tuesday highlighted India's vast potential in the circular economy sector, estimating it could create a market worth over USD 2 trillion and generate nearly 10 million jobs by 2050.</span></p> <p><span style="font-size:14px">Speaking at the 12th Regional 3R and Circular Economy Forum for the India and Pacific region in Jaipur, Yadav emphasised the global impact of the circular economy.</span></p> <p><span style="font-size:14px"> On a global scale, the circular economy could contribute an additional USD 4.5 trillion to the economy by 2030, he noted.</span></p> <p><span style="font-size:14px">The circular economy model, which focuses on reusing, recycling, and reducing waste, is set to bring a transformative shift in global trade, replacing the traditional take, make, waste approach.</span></p> <p><span style="font-size:14px">Yadav stressed that this transition is critical for sustainable development, economic growth, and environmental conservation.</span></p> <p><span style="font-size:14px">The minister reiterated India's commitment to promoting circular economy principles through policy reforms, investments in sustainable technologies, and industry collaborations.</span></p> <p><span style="font-size:14px">The initiative is expected to boost various sectors, including manufacturing, waste management, and renewable energy, paving the way for a greener and more resilient economy.</span></p> <p><span style="font-size:14px">The forum in Jaipur brought together policymakers, industry leaders, and environmental experts to discuss strategies for accelerating circular economy adoption across the India-Pacific region.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41293 https://knnindia.co.in/news/newsdetails/economy/indias-circular-economy-market-may-touch-2-trillion-by-2050-minister-bhupender-yadav 2025-03-05 15:03:21 knnindia.co.in