Maritime sector powers India's growth with 95% trade via sea routes

Nearly 95 per cent of India’s trade by volume and about 70 per cent by value moves through maritime routes, underlining the sector’s centrality to India’s economy and competitiveness.

- TBG NETWORK

Nearly 95 per cent of India's trade by volume and about 70 per cent by value moves through maritime routes, underlining the sector's centrality to India's economy and competitiveness. Data from a government press release highlights that the maritime sector is the backbone of India's global trade and growth story. From crude oil and coal to electronics, textiles, and farm goods, most of India's imports and exports pass through its ports. This makes the efficiency of maritime transport vital for national competitiveness and global integration.To strengthen this lifeline, India has implemented the Maritime India Vision 2030 (MIV 2030), a comprehensive roadmap featuring more than 150 initiatives with an investment projection of Rs 3-3.5 lakh crore. Supported by a Rs 69,725 crore package for