Promoting Blue Economy

Promoting Blue Economy

To enhance your UPSC exam preparation, in this series of our Current Affairs Dialog Box- News Gists for UPSC, we will discuss Promoting Blue Economy. This topic has relevance with Prelims and Mains syllabus. 

For Prelims the relevant topics include, Indian and World Geography – Physical, Social, Economic Geography of India and for Mains: Distribution of Key Natural Resources Across the World.

Why in the News?

In a written reply to a question in the Rajya Sabha, the Union Minister of State (Independent Charge) Science & Technology said that the Blue Economy is the sixth dimension of its Vision of New India by 2030.

Probable Question

Despite sharing a pre-eminent position in the Indian ocean and vast coastline, India’s Blue economy potential has not been fully tapped. Comment

Key Points

India’s Efforts to Promote Blue Economy

  • Draft Policy Document on Blue Economy 
    • A Draft Policy document on Blue Economy has been prepared by the Ministry of Earth Sciences which emphasizes the holistic development of India’s Blue Economy.
    • It outlines the vision and strategy that can be adopted by the Government of India to utilize the plethora of oceanic resources available in the country. 
    • It aims to:
      •  Enhance the contribution of the blue economy to India’s GDP
      •  Improve lives of coastal communities
      •  Preserve marine biodiversity
      •  Maintain the national security of marine areas and resources
  • The Deep Ocean Mission was launched with a view to explore the deep ocean for resources and develop deep-sea technologies for sustainable use of ocean resources.
  • Integrated Coastal Zone Management which lays focus on coastal and marine resources conservation, and sustainably improving livelihood opportunities for coastal communities etc.

Also read: Best Way to Prepare Economy for UPSC Prelims

What is the Blue Economy?

  • The idea of ‘Blue economy’ was first articulated by Gunter Pauli in 2010 and later discussed at the United Nations Conference on Sustainable Development, Rio + 20 in 2012.
  • According to the World Bank, the Blue economy is the “sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem.” 

Also, watch our Weekly Current Affairs Masterclass For Prelims & Mains of February 2022- Week 1 by Prem Sodhani Sir, our DREAM TEAM faculty for Current Affairs:

Importance of Blue Economy

  • India’s Blue economy is understood as a subset of the national economy comprising an entire ocean resources system and human-made economic infrastructure in marine, maritime, and onshore coastal zones within the country’s legal jurisdiction.
  • It aids the production of goods and services that have clear linkages with economic growth, environmental sustainability, and national security. 
  • The Blue economy offers a vast socio-economic opportunity for coastal nations like India to utilize ocean resources for societal benefit responsibly.

India’s Blue Economy Potential

  • With a coastline of nearly 7.5 thousand kilometres, India has a unique maritime position. Nine of its 29 states are coastal, and the nation’s geography includes 1,382 islands. 
  • There are nearly 199 ports, including 12 major ports that handle approximately 1,400 million tons of cargo each year. 
  • Moreover, India’s Exclusive Economic Zone of over 2 million square kilometres has a bounty of living and non-living resources with significant recoverable resources such as crude oil and natural gas

Conclusion

  • Blue Economy could well be the next multiplier of GDP and well-being, provided sustainability and socio-economic welfare are kept center-stage. 
  • However, achieving the blue economy goals would require extensive cooperation between the community of coastal states and a range of other stakeholders that include the private sector, non-governmental organizations, scientific and local communities.
India’s Vision of New India by 2030:

Creation of physical and social infrastructure for a ten trillion dollar economy and to provide ease of living.

Digital India led by the youths with innumerable start-ups and millions of jobs.

To make India pollution free by focusing on Electrical Vehicles and renewables.

Rural industrialisation using modern technologies to generate massive employment.

Clean rivers, with safe drinking water to all Indians and efficient use of water in irrigation using micro-irrigation techniques.

Besides scaling up Sagarmala, India’s coastline and ocean waters will power development

Through our space programme – Gaganyaan, India becoming the launch-pad of satellites for the World

Self-sufficiency in food production and producing food in the most organic way.

A healthy India by 2030 and a distress free health care and wellness system for all. Ayushman Bharat and women participation would be an important component in it.

Employees working with elected Government, transforming India into Minimum Government Maximum Governance nation.

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