Economy
Blue Economy
Blue Economy articles for UPSC exam preparation under Economy.
4 articles in this topic
Articles on Blue Economy
The Rules for Sustainable Harnessing of Fisheries in the EEZ
In News The Government of India has notified new Deep-Sea Fishing Rules, 2025, aimed at realizing the vision of a prosperous and inclusive Blue Economy and unlocking the vast potential of India’s 11,099 km coastline and Exclusive Economic Zone (EEZ). Key Highlight of the Rules Empowering Fishermen and Cooperatives: Exclusive priority is given to Fishermen Cooperative Societies and Fish Farmer Producer Organisations (FFPOs) for deep-sea fishing licenses using advanced vessels. Ban on Foreign Vess
Parliament Passes Five Key Maritime Bills to Boost Blue Economy
Context The Parliament has passed five key bills in the just-concluded Monsoon Session, which overhauled colonial-era maritime laws and will boost the Blue Economy. India’s Maritime Sector Strategic Position: Located along the worlds busiest shipping routes, India is a key trading hub and a rising global power. India’s Maritime Sector Overview: Handles 95% of India’s trade by volume and 70% by value, with port infrastructure critical to the economy.
White Paper on Blue Economy
In Context The white paper, “Transforming India’s Blue Economy”, lays out a strategic vision for unlocking the potential of Indias vast marine resources as a pivotal contributor to national development by 2035. What is the Blue Economy? The Blue Economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems.
Shaping the Port of the Future
India’s maritime sector is undergoing a transformation with the recent development of Vizhinjam International Seaport, the country’s first deep-water container transshipment port.