1/31/2020 Blue economy comprises 4.

1% of GDP, says Secretary of Earth Sciences - The Economic Times

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Blue economy comprises 4.1% of GDP, says Secretary of

Earth Sciences
BY SHASHWAT MOHANTY, ET BUREAU | JAN 31, 2020, 07.45 PM IST Post a Comment

NEW DELHI: The blue economy, which consists of economic activities dependent on
marine resources, comprises 4.1% of India’s economy, said a senior government official
on Friday.

“However, I feel that this number has been underestimated, as a lot of economic activities
relating to the blue economy go unreported,” said M. Rajeevan, Secretary of Ministry of
Earth Sciences, speaking at a sustainability summit here.

Blue economy in India is the sum total of economic activities sourced from marine
resources. Fisheries, deep sea mining, and offshore oil and gas make up a large section
of India’s blue economy, said Rajeevan.
Representative Image

Currently, there are a few projects underway as part of the blue economy. Out of 2.3
million square kilometres available to India, 1.5 million has been explored as part of an Big Change:
The end of Five-Year Plans: All you need to know
exclusive economic zone (EEZ) across both the Bay of Bengal and the Arabian Sea. India
has filed a claim since 2009 to nearly double its approved claim of 200 nautical miles to 250 nautical miles, the maximum permissible
limit.

Efforts are also ongoing for exploration of polymetallic nodules in central Indian Ocean across a 75,000 square kilometre area.

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