Volume3 ,January 2018.
Topic : A Review of Blue Economy for Potential Growth of Infrastructure in India
Authors:Mahendra Umare || V.P. Varghese, A M Badar, D P Singh, N R Dhamge
Abstract:Geographically, India is blessed with great peninsular region well connected by ports. Presently, all the ports in India account for handling almost 90 percent of its export and import trades. However, its contribution is just 1 percent against by railways & roads, which accounts 9 percent and 6 percent of the total goods transportation in India respectively. It is estimated that India has about 42 percent of the proportional share of goods trade in its GDP growth whereas, other developed countries has about 70 to 75 percent. It reflects that India has great potential in ocean economy. Therefore, keeping the focus on blue economy development, India can integrate its ports development and can have more sustainable business solutions for its overall economic, social, and socio-economical growth. This paper elucidates the status of the contribution of blue economy in India’s development and opportunities in various sectors of the blue world in achieving a growth of infrastructure..
Keywords: Ports, Blue economy, Ocean development, Maritime, Ocean