Jaipur, March 5 -- Union Minister for Forest, Environment, and Climate Change Bhupender Yadav on Tuesday highlighted India's vast potential in the circular economy sector, estimating it could create a market worth over USD 2 trillion and generate nearly 10 million jobs by 2050.

Speaking at the 12th Regional 3R and Circular Economy Forum for the India and Pacific region in Jaipur, Yadav emphasised the global impact of the circular economy.

"On a global scale, the circular economy could contribute an additional USD 4.5 trillion to the economy by 2030," he noted.

The circular economy model, which focuses on reusing, recycling, and reducing waste, is set to bring a transformative shift in global trade, replacing the traditional "take, make...