A viable innovation strategy called the circular economy (CE) has being put out for addressing of pressing issues of ecological degradation & dwindling resources. Reduce, reuse, and recycle are the three R's of the circular economy which supported the healthy society and resources, renewables all materials and rebuild the active support. This study based on an assessment of briskly expanded literature on Circular Economy and also covers all concept, practices& assessing its implementation. The idea of a cyclical economy is also being discussed in contrast to the existing planned economy of obtaining resources, generating things, and discarding garbage. The primary goal of the article is to pinpoint the fundamental issues and difficulties facing CE from an entrepreneurial standpoint. In this study also discuss use of circular economy in India as well as their benefits and barriers for the future generation