Blue Economy
Policy Framework and India's Fisheries Sector
The Blue Economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health. India's Blue Economy vision, articulated in national policy documents, encompasses fisheries, aquaculture, maritime trade, coastal tourism, offshore energy, and seabed mining. India is the world's second-largest fish producer (after China), with the sector employing over 30 million people and contributing approximately 1.1% of GDP. Fisheries are a Union-Concurrent subject, with the Union government setting policy and states managing implementation.
- India's seafood exports: approximately ₹62,408 crore in FY 2024-25
- India: world's 2nd-largest fish producer and aquaculture nation
- Pradhan Mantri Matsya Sampada Yojana (PMMSY): flagship fisheries scheme launched in 2020-21 (₹20,050 crore outlay over 5 years) — covers infrastructure, technology, traceability, and welfare
- National Fisheries Development Board (NFDB): Hyderabad-based statutory body for integrated fisheries development
- Fisheries Cooperative Societies: key delivery mechanism for welfare benefits and credit access to small fishers
● Tracked since February 18, 2026 · last seen May 18, 2026 · updates as the daily brief publishes
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