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Circular Economy for India: Perspectives on Stewardship Principles, Waste Management, and Energy Generation

Circular Economy for India: Perspectives on Stewardship Principles, Waste Management, and Energy Generation

Saravan Krishnamurthy, Geoffrey Fudurich, Prakash Rao
Copyright: © 2019 |Pages: 27
ISBN13: 9781522584827|ISBN10: 152258482X|ISBN13 Softcover: 9781522585046|EISBN13: 9781522584834
DOI: 10.4018/978-1-5225-8482-7.ch015
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MLA

Krishnamurthy, Saravan, et al. "Circular Economy for India: Perspectives on Stewardship Principles, Waste Management, and Energy Generation." Modernization and Accountability in the Social Economy Sector, edited by Augusta Ferreira, et al., IGI Global, 2019, pp. 272-298. https://doi.org/10.4018/978-1-5225-8482-7.ch015

APA

Krishnamurthy, S., Fudurich, G., & Rao, P. (2019). Circular Economy for India: Perspectives on Stewardship Principles, Waste Management, and Energy Generation. In A. Ferreira, R. Marques, G. Azevedo, H. Inácio, & C. Santos (Eds.), Modernization and Accountability in the Social Economy Sector (pp. 272-298). IGI Global. https://doi.org/10.4018/978-1-5225-8482-7.ch015

Chicago

Krishnamurthy, Saravan, Geoffrey Fudurich, and Prakash Rao. "Circular Economy for India: Perspectives on Stewardship Principles, Waste Management, and Energy Generation." In Modernization and Accountability in the Social Economy Sector, edited by Augusta Ferreira, et al., 272-298. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-8482-7.ch015

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Abstract

The stewardship of resources for the good of the people is an ancient concept in India, practiced by revered kingdoms. This chapter discusses the original ideals of stewardship and how colonization caused a deterioration of this philosophy in favor of materialistic wealth generation. Colonization followed by the development of an industrialized and capitalistic leaning in the economy brought wealth and increased consumption for Indian people and also created multiple waste-related issues. These issues require a drastic overhaul of waste management practices, with particular attention to industrial ecology. Modern stewardship by India's CSR community is essential to prevent further environmental degradation due to poor waste management practices. The circular economy holds promise as a new economic system and philosophy that can refocus society towards the values of stewardship espoused by the nation's ancestors, while transitioning to a circular economy.

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