Ocean of opportunities
THE WEEK India|August 21, 2022
Blue economy could well be India’s next success story
NIRMAL JOVIAL
Ocean of opportunities

WITH A 7,517KM-long coastline and 1,382 islands, India has a unique maritime position. Around 95 per cent of its trade happens via sea. The country has 12 major ports and 187 non-major ones that together handle about 1,400 million tonnes of cargo a year. It also holds an exclusive economic zone of 20 lakh square kilometres that has significant recoverable resources of crude and natural gas. Indian coasts provide a livelihood for 40 lakh fishermen. These vast interests make it imperative for India to have a robust ‘blue economy’.

This story is from the August 21, 2022 edition of THE WEEK India.

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This story is from the August 21, 2022 edition of THE WEEK India.

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