EMPOWERING VIKSIT BHARAT VIA THE SYNERGIES OF CIRCULAR ENTREPRENEURSHIP

India’s vision to emerge as a developed nation by 2047, as envisioned under the frameworks of Viksit Bharat and Atmanirbhar Bharat, calls for a paradigm shift that integrates economic development with environmental responsibility and social inclusivity. In this context, circular entrepreneurship emerges as a strategic enabler that aligns sustainability with innovation and self-reliance. This paper explores the synergistic relationship between circular economy principles and India’s broader developmental aspirations. By leveraging entrepreneurial ventures that prioritize waste reduction, resource regeneration, and closed-loop systems, circular entrepreneurship holds the potential to not only mitigate environmental degradation but also stimulate job creation, technological advancement, and localized economic growth. Through an extensive review of literature and policy frameworks, the study highlights how research-driven innovation, favorable government schemes, and an evolving ecosystem of sustainable business models are collectively fostering a transition toward a regenerative economy. It also delves into sector-specific applications, such as agriculture, energy, and healthcare, showcasing how circular entrepreneurship can bridge economic opportunity with ecological resilience. Furthermore, the paper critically examines key barriers—including limited access to finance, inadequate awareness, and policy gaps—that hinder the scalability of circular ventures in India. The study concludes with strategic recommendations for creating a conducive ecosystem that empowers entrepreneurs, encourages collaboration, and accelerates India’s journey toward an inclusive, resilient, and sustainable future by 2047. Keywords: Circular Entrepreneurship, Viksit Bharat 2047, Atmanirbhar Bharat, Sustainable Development, Circular Economy

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Publication Details

Journal
EPRA International Journal of Economic and Business Review
Published
2025-05-19
DOI
https://doi.org/10.36713/epra21741
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

EMPOWERING VIKSIT BHARAT VIA THE SYNERGIES OF CIRCULAR ENTREPRENEURSHIP

Utkarsha Yadav, Syed Mohammad Asghar Tahir, Lalit Gautam, Prof. Sanjay Medhavi
EPRA International Journal of Economic and Business Review
Innovation and Socioeconomic Development
article

EMPOWERING VIKSIT BHARAT VIA THE SYNERGIES OF CIRCULAR ENTREPRENEURSHIP

Utkarsha Yadav, Syed Mohammad Asghar Tahir, Lalit Gautam, Prof. Sanjay Medhavi
article en

Abstract

India’s vision to emerge as a developed nation by 2047, as envisioned under the frameworks of Viksit Bharat and Atmanirbhar Bharat, calls for a paradigm shift that integrates economic development with environmental responsibility and social inclusivity. In this context, circular entrepreneurship emerges as a strategic enabler that aligns sustainability with innovation and self-reliance. This paper explores the synergistic relationship between circular economy principles and India’s broader developmental aspirations. By leveraging entrepreneurial ventures that prioritize waste reduction, resource regeneration, and closed-loop systems, circular entrepreneurship holds the potential to not only mitigate environmental degradation but also stimulate job creation, technological advancement, and localized economic growth. Through an extensive review of literature and policy frameworks, the study highlights how research-driven innovation, favorable government schemes, and an evolving ecosystem of sustainable business models are collectively fostering a transition toward a regenerative economy. It also delves into sector-specific applications, such as agriculture, energy, and healthcare, showcasing how circular entrepreneurship can bridge economic opportunity with ecological resilience. Furthermore, the paper critically examines key barriers—including limited access to finance, inadequate awareness, and policy gaps—that hinder the scalability of circular ventures in India. The study concludes with strategic recommendations for creating a conducive ecosystem that empowers entrepreneurs, encourages collaboration, and accelerates India’s journey toward an inclusive, resilient, and sustainable future by 2047. Keywords: Circular Entrepreneurship, Viksit Bharat 2047, Atmanirbhar Bharat, Sustainable Development, Circular Economy

EPRA International Journal of Economic and Business Review
Openalex Percentile: Top 80%
Innovation and Socioeconomic Development
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