Economic Analysis of Plastic Recycling in India

Pankaj, . (2023) Economic Analysis of Plastic Recycling in India. Masters thesis, Indian Institute of Science Education and Research Kolkata.

Text (Ms dissertation of Pankaj (18MS156)) Thesis_18MS156.pdf - Submitted Version Restricted to Repository staff only Download (11MB)

Abstract

Plastic waste production is India’s main environmental concern. Even though the government has taken steps to reduce the use of plastics, a significant amount is still generated every day and it has got negative impacts on the environment and living organisms’ health. We discover that India has a very low rate of recycling. Therefore in this thesis, we attempt to find reasons for such a low recycling rate in our country. First, we study the technology that the waste collector uses to collect waste from different households and then segregate and recycle it. Next, with the help of potential companies, we do an economic analysis of plastic recycling and study the cost and benefits using a statistical tool called Pearson product-moment coefficient and its impact on our society. Our research indicates that plastic recycling can help in employment creation and increase resource efficiency. We also find that investing in infrastructure, and technology can transform recycling into a successful venture, which most people are still unaware of. We also evaluate the existing policies and regulations and offer our views and suggestions aimed at promoting plastic recycling in India.

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