<h1>India Targets Developed Nation Status by 2047, Boosts Circular Economy, Recycling to Cut Import Dependency</h1> India aims to become a developed nation by 2047, focusing on maximizing resource efficiency, as emphasized by the Union Environment Minister. Addressing a conclave on waste recycling and climate change, he highlighted the need for industries to design products that support circularity and adopt advanced recycling technologies. Recycling critical minerals is crucial to reduce dependency on imports. The circular economy could be worth USD 2 trillion by 2050, potentially creating 10 million jobs. Despite generating significant waste, India's recycling rates are low, presenting an opportunity for growth in the recycling industry. The transition to non-fossil fuel energy sources requires critical minerals, mostly concentrated in a few countries.