Assessing the environmental and economic impacts of adopting circular economy for sustainable resource management in the Indian construction sector

Abstract

Purpose

The aim of this study is to understand the environmental benefits and economic savings associated with adoption of circular economy in the construction sector. The research findings will support different stakeholders and decision makers to develop business models based on responsible consumption of resources and build sustainable business models.

Design/methodology/approach

The research uses mixed methodology wherein inventory for life cycle assessment and life cycle costing for environmental and economic impacts is based on primary data using on-site visits for qualitative and quantitative data.

Findings

Different types of land transportation infrastructures are compared for their environmental impacts. It is found that bridges have the highest environmental impacts as compared to tunnels, roads and railways. Further, the results affirm the environmental and economic benefits of adopting circular economy practices.

Originality/value

This is one of a kind research that compares the environmental and economic tradeoffs of adopting circular economy in different types of land transportation infrastructures.

Citation

Mhatre-Shah, P., Gedam, V. and Unnikrishnan, S. (2024), "Assessing the environmental and economic impacts of adopting circular economy for sustainable resource management in the Indian construction sector", Journal of Indian Business Research, Vol. 16 No. 1, pp. 23-54. https://doi.org/10.1108/JIBR-05-2023-0169