Scope of Digital Waste Exchange Platforms in India

Abstract

Digital waste exchange platforms are an emerging concept which has gained immense popularity in recent times worldwide. The main reason for such increasing popularity is its push towards a complete circular economy and which in turn helps in conservation of resources as well as energy. The study focuses on the scope and the aspects of a digital waste exchange platform in India. A few frameworks on digital materials exchange have been developed by certain international organizations and institutions abroad. With increase in the amount of waste generation as well as population, the need for such a platform in near future will become essential. With the current waste management system in India, it won’t be able to curb the challenges posed with increasing amounts of waste in near future. The study has tried to formulate a framework based on various International literatures keeping in mind the Indian scenario. Moreover, a study on the external environment of a digital waste exchange platform in India is carried out using the PESTLE analysis. The results have indicated the various opportunities as well threats pertaining to the various identified factors of the six aspects of PESTLE analysis.