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India needs to look at all angles to spur a blue economy | english.lokmat.com

New Delhi, June 9: Indias blue economy—essentially the ocean economy—is making a healthy 4 per cent contribution to India’s …

India needs to look at all angles to spur a blue economy

New Delhi, June 9: Indias blue economy—essentially the ocean economy—is making a healthy 4 per cent contribution to India’s gross domestic product.

Yet, this a proverbial drop in the ocean. Unfortunately, India’s marine policy has remained fragmented, notwithstanding the ambitious Sagarmala project.

But as India prepares for a post Covid phase with a focus on economic revival, reliance on the blue economy, which has not been leveraged fully, will inevitably be amplified.

India, with a 7517 km long coastline and1382 islands, has a unique maritime position but it is yet to carve out a well thought-out holistic marine strategy encompassing issues pertaining to economic opportunities and security while maintaining ecological balance.

The draft policy on the framework of the blue economy, taking a…

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