Blue Economy
The Blue Economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health. It encompasses fisheries, aquaculture, maritime transport, offshore energy, seabed mining, coastal tourism, and marine biotechnology.
- India has a coastline of approximately 7,517 km and an Exclusive Economic Zone (EEZ) of over 2 million sq km.
- India's Blue Economy policy framework is anchored in the "Blue Economy Policy Framework" (2022) and the Sagarmala Programme (launched 2015) for port-led development.
- India is among the top fish-producing nations globally; fisheries contribute ~1% of GDP and employ over 28 million people.
- Norway is a global leader in deep-sea technology, salmon aquaculture, and offshore oil and gas engineering — expertise directly relevant to India's maritime ambitions.
- The Indo-Pacific Oceans Initiative (IPOI), launched by India in 2019 at the East Asia Summit, has seven pillars: Maritime Security; Maritime Ecology; Maritime Resources; Capacity Building and Resource Sharing; Disaster Risk Reduction; Science, Technology and Academic Cooperation; and Trade Connectivity and Maritime Transport.
● Tracked since February 18, 2026 · last seen May 18, 2026 · updates as the daily brief publishes
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