The Irish report is based on the 2015 World Economic Forum’s Sustainable Development Indicators and its estimates suggest that the country has the highest level of waste in the world, with waste being a big concern in both rural and urban areas.
It is the fourth such report to be released in 2016.
The World Bank has said the growth of waste as a consequence of globalisation has put pressure on economies across the globe.
It has also highlighted the impact that this has on the environment.
“We estimate that by 2050 the world will have more than 3.5 trillion tonnes of wasted and degraded material, and that waste in developing countries will be the leading cause of climate change,” the World Bank’s Sustainable Business report states.
The report does not look at the impact of waste on the economies that produce it, but says the number of people in the global waste industry is growing.
The world’s waste economy “is not going away anytime soon,” the report states, adding: “With the rise of industrialised countries, as well as rising demand for urban consumption, the impact on the waste economy is likely to be even greater in the future.”
In terms of waste, the report identifies seven global waste sectors: energy, chemicals, chemicals-related services, materials, food and agricultural waste, waste management, waste and recycling, and waste disposal.
The Irish report says that in 2016, waste generated in India accounted for 1.7 per cent of the total value of goods and services generated by the country.
In 2015, India was ranked 11th in the World Economic Group’s Global Waste Index.