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The Blue Economy: The Economic Frontier of India

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India is evolving with new aspects to revolutionize every industry; a similar blue economy is self-assured and preparing towards one specific goal which is productive growth in the upcoming years. Since the goal is about growth and development, the government of India is striking effectively to uplift the standard of the blue economy through various initiatives like the Deep Ocean Mission, Global Goals, and so on. In the upcoming years, the government of India is aiming for an economy of more than 100 billion via Deep Ocean Mission and the government is envisioning ending poverty, bringing in peace and prosperity by the end of 2030. Thus, it has short-listed 17 sustainable development goals related to the conservation and sustainable use of oceans, seas, and marine resources.

These efforts by the government of India will soon tremendously yield fruitful results in transforming the blue economy to its zenith. Today, a big support system that has proved to be the savor of every industry is startups, the innovators. These Indian startups are the pioneers of something new and unique. With the help of high-end solutions, startups are safeguarding the blue economy very effectively.

The new techniques such as IOT, AI, and more technically advanced strategies are guiding maps for the blue economy to evolve and solve all the major issues. Therefore, the blue economy world is here to multiply job opportunities, beautify the standard of living, and justify the strength of the Indian Economy.

Earlier, it was just a small part of agriculture; currently, it is known by multiple names. The Blue Economy is also known as a marine economy, coastal economy, or ocean economy. In India, the sector is the sixth measurement of the government’s ‘Vision of New India by 2030’, with the Blue Economy policies aiming for long-term economic advantages to achieve the greater goals of growth, job creation, equity, and environmental protection.

From generating jobs being a source of energy being part of beautiful tourist spots, and being the heart of many trades and transports, the Blue economy is vitalizing and revitalizing the Indian economy.