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The Circular Economy
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How to Cite

Kaur, M., Gupta, A., Kushwah, A., Raizada, N., Rathore, S. S., & Padhy, S. (2025). The Circular Economy: India’s Ancient Wisdom in the Modern Business. Global Journal for Aspiring Economists, 1(1), 8–17. Retrieved from https://journal.gaee.org/index.php/gjae/article/view/12

Abstract

In this topical imprint, we explore the intersection of ancient Indian wisdom and modern business practices within the framework of the circular economy. The three articles in this imprint emphasize the urgent need for a shift from the traditional linear economic model, characterized by a “take-make-dispose” approach, to a more sustainable circular model that minimizes waste and optimizes resource use.

The first article, authored by Mannath Kaur, discusses the pressing need to transition from the traditional linear economic model—characterized by a “take-make-dispose” approach—to a sustainable circular economy that minimizes waste and optimizes resource use. Kaur emphasizes how ancient Indian philosophies, particularly the Chakra system, can inform contemporary business models by promoting interconnectedness, cyclical flow, and holistic resource management.

The second article, authored by Ananya Gupta, Ankita Kushwah, and Navya Raizada, focuses on practical applications of circular economy principles in India. It showcases successful case studies of businesses like Goonj and Tata Steel that effectively integrate sustainability into their operations. The authors illustrate how leveraging traditional practices can lead to innovative solutions that address environmental challenges while fulfilling social needs.

The third article, authored by Surender Singh Rathore, discusses the broader implications of adopting a circular economy in India. Rathore highlights its potential to create economic resilience, reduce dependency on finite resources, and foster job creation. The article underscores the importance of merging ancient practices with modern technologies to enhance sustainability efforts.

The final article, authored by Subhranjan Padhy, explores how ancient Indian wisdom can inform sustainable practices in various sectors. Padhy emphasizes that principles derived from traditional Indian practices can guide modern sustainability efforts and contribute to addressing contemporary environmental challenges. The article argues for a return to these time-tested methods as a means to foster ecological balance and resource efficiency in today’s rapidly changing world.

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Copyright (c) 2025 Global Journal for Aspiring Economists


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