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Mindset change vital to give free play to innovation

By Swati Deshpande,

Added 15 May 2018

Says Amitabh Kant,CEO, NITI Aayog


NITI Aayog CEO, Amitabh Kant, has underlined the need to embed the principles of circular economy in India's school education system. This process will equip young learners with the right mindset and enable them to become active shapers of a movement that will secure the future with finite resources.

Speaking at FICCI's Circular Economy Symposium-2018, Kant said that India needs to grow at about 10 percent annually for the next three decades to be able to meet the ever-rising demand of its burgeoning population. This order of growth is not achievable if the business-as-usual approach to the use of scarce resources is not abandoned. The need of the hour is to bring about a change in mindset and give free play to innovation to cash in on the vast business opportunities that lie ahead, he said.

He said that in order to reduce the dependence of fossil fuels in transportation, NITI Aayog analysis suggests that the way forward is the use of bio-fuels. "We are giving a big push to electric vehicles in a bid to conserve exhaustible natural resources and bring about resource efficiency," he said.

On the occasion, Kant released the FICCI-Accenture Theme Paper on 'Accelerating India's Circular Economy Shift: Future proofing growth in a resource scarce world'.

(Continued on next page)

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