Innovation and Sustainable Growth’ outlines a roadmap to 2035, prioritizing feasible projects and building investor confidence to establish the blue economy as a vital engine for national development.
About Blue Economy
- It comprises of ocean resources and man-made infrastructure in marine, maritime, and coastal zones, contributing to economic growth, environmental sustainability, and national security.
- Significance: India’s blue economy, driven by its 11,098 km coastline and 2.4 million sq. km EEZ, is a key engine for national growth and a core pillar of Viksit Bharat 2047.
- Sector Specific Challenges
Key Recommendations
- Improve inter-ministerial coordination and data-sharing mechanisms.
- Attract private and global investments through blue bonds, blended finance, sovereign guarantees, and PPPs.
- Scale successful state-level models such as women-led seaweed farming in Odisha, smart ports in Kochi, and eco-tourism in the Andaman Islands.
