The Blue Economy looks like a source of endless opportunities for sustainable development in India and a unique asset worth US$ 24 trillion in investment. The economic prospect offered by these relatively large proportions, accounting for over 71% of the earth’s surface and nearly one-third of the global population’s dependence on it, is promising.
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) becomes an integral part of India’s climate change resilience efforts and sustainable growth of the marine environment. A safety warning should be issued against climate change, which has become a more tangible effect of the ever-increasing level of greenhouse gases. This is portrayed through processes like rising temperatures, cyclonic storms, ocean acidification, loss of biodiversity, and degradation of ecosystems. Nevertheless, the profound economic development based on oceans’ resources suffers from difficulties such as accessibility to the deep sea, technological aspects, and so forth.
Despite such barriers, Blue Economy includes a lot of its activities in addition to maritime and coastal shipping, commercial and recreational fishing, aquaculture, coastal tourism, renewable energy, and marine biotechnology. In order to make a real breakthrough with the blue economy, India must implement sustainable approaches that not only curb water waste but also take care of the ocean’s ecosystems. This involves a variety of tasks, including effective ocean governance, the preservation of marine life areas, and the development of greener technologies.
In addition to that, building marine reefs can give rise to opportunities in the blue economy of our country. These structures play two main roles in addition to creating an environment in which marine life thrives. Those structures support fisheries and increase the natural resistance of coasts against storms.
India is ready to lead in the blue revolution, which will be indubitably a potential accelerator of the economy as well as a protective guardian of the oceans. The focus on the principles of sustainability and innovation solutions enables us to capitalize on the greatness that can be achieved via the blue economy to the benefit of current and future generations.
Source-TOI
