• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Blue Economy, sixth dimension of India’s ‘Vision of New India’ by 2030

February 7, 2022
in Economy
Reading Time: 2 mins read
0
Blue Economy, sixth dimension of India’s ‘Vision of New India’ by 2030
610
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news-  Recently, the Union Minister of State (Independent Charge) for Earth Sciences said that the Blue Economy is the sixth dimension of the Government of India’s Vision of New India by 2030.

About Blue Economy-

  • India’s blue economy is understood as a subset of the national economy comprising an entire ocean resources system and human-made economic infrastructure in marine, maritime, and onshore coastal zones within the country’s legal jurisdiction. 
  • A Draft Policy document on Blue Economy was prepared by the Ministry of Earth Sciences (MoES) taking into consideration the reports of the expert working groups which emphasizes holistic development and growth of India’s Blue Economy. 
  • The following seven thematic areas or pillars are identified:
  1. National accounting framework for the blue economy and ocean governance.
  2. Coastal Marine Spatial Planning and Tourism.
  3. Marine fisheries, aquaculture, and fish processing.
  4. Manufacturing, Emerging industries, trade, technology, services, and skill development.
  5. Logistics, infrastructure and shipping, including trans-shipments.
  6. Coastal and deep-sea mining and offshore energy.
  7. Security, strategic dimensions, and international engagement.
  • The draft aims to enhance the contribution of the blue economy to India’s GDP, improve lives of coastal communities, preserve marine biodiversity, and maintain the national security of marine areas and resources.
  • It highlighted the blue economy as one of the ten core dimensions for national growth. 

History of the concept of Blue Economy-

  • The economic philosophy of the Blue Economy was first introduced in 1994 by Professor Gunter Pauli at the United Nations University (UNU) to reflect the needs of future growth and prosperity, along with the threats posed by global warming. 
  • The concept was based on developing more sustainable models of development including concepts of engineering based on “no waste and no emissions”. 
  • The Blue Economy assumed greater importance after the Third Earth Summit Conference – Rio+20 in 2012. 
  • The conference focused inter alia on expanding the concept of Green Economy to include the Blue Economy.
  • The concept received a fillip when the United Nations’ Sustainable Development Goal 14 sought to “conserve and sustainably use the oceans, seas and marine resources for sustainable development” as a guiding principle for global governance and use of ocean resources.
image_pdfMake PDF
Source: PIB
Tags: PIBPrelims

Related Posts

World Economic Situation & Prospects report-2023

World Economic Situation & Prospects report-2023

February 3, 2023
What is a Unity mall?

What is a Unity mall?

February 2, 2023
High Net worth Individuals (HNIs)

High Net worth Individuals (HNIs)

February 2, 2023
SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

February 1, 2023
XR Startup Program

XR Startup Program

January 31, 2023
What is short selling?

What is short selling?

January 28, 2023
The trade-plus-one(T+1) settlement plan

The trade-plus-one(T+1) settlement plan

January 27, 2023
SEBI’s information database on municipal bonds

SEBI’s information database on municipal bonds

January 25, 2023
Caller Name Presentation (CNAP) proposal by TRAI

Caller Name Presentation (CNAP) proposal by TRAI

January 20, 2023
Oxfam Report -‘Survival of the Richest’

Oxfam Report -‘Survival of the Richest’

January 19, 2023
Please login to join discussion
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In