Circular Economy- A Holistic Perspective in Small Indian Townships

Abstract

Shankar Subramanian Iyer

The concept of a circular economy (CE) is increasingly recognized as a sustainable alternative to the traditional linear economic model. This study explores the application of a circular economy in small townships from a holistic perspective, integrating environmental, financial, and social dimensions. This research uses qualitative methodology to involve in-depth interviews with 20 experts in sustainability, urban planning, and local governance. The study investigates the potential benefits, challenges, and implementation strategies of CE in these communities, focusing on resource efficiency, waste management, regional economic development, and community engagement. Insights from the expert interviews reveal best practices and innovative solutions that promote sustainability and resilience. The findings suggest that a circular economy can significantly enhance the sustainability of small townships by reducing waste, conserving resources, and fostering economic opportunities. However, successful implementation requires strong policy support, community involvement, and a tailored approach that considers the unique characteristics of each township. This study contributes to the growing body of knowledge on circular economies and offers practical recommendations for policymakers, practitioners, and community leaders aiming to transition their townships towards a more sustainable future.

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