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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | BLUE ECONOMY: THE ROAD TO 5 TRILLION ECONOMY |
| Authors Name: | SAURABH BHOLA |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_185641
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| Published Paper Id: | IJRTI2304034 |
| Published In: | Volume 8 Issue 4, April-2023 |
| DOI: | |
| Abstract: | Blue Economy concept given by Gunter A Pauli in his Book The Blue Economy: 10 Years,100 Innovations, 100 Million Jobs. This idea got a boost after the third earth summit held in 2012. The conference focus on “No waste No emission” and accepted that its time to expended the Green Economy to include Blue Economy.In September 2015, world leaders adopted the 17 Sustainable Development Goals of the 2030 Agenda for Sustainable Development, a historic United Nations summit. SDG 14 at this summit called for the "conservation and sustainable use of the oceans, seas and marine resources for sustainable development" as a guiding principle for global oceanmanagement and utilization of marine resources. India has a rich maritime position. It has a coastline of more than 7500 km which touches the borders of 13 states. It is home to 9 coastal states including 66 coastal districts and more than 1300 islands. The country has 12 major ports and over 180 non-major ports, which handle around 1400 million tons of cargo every year, as 90% of India's trade is by sea. The country's Exclusive Economic Zone (EEZ) of over 2 million sq km is rich in living and non-living resources. This EEZ contains important recoverable natural resources of crude oil and gas and unknown species. There are also 4 million fishermen and other communities living in the coastal states. India's rich maritime position and unexplored coastal areas play a very important role and form a road map to make India a $5 trillion economy.This research study analyzes the role of blue economy in India. The role of government scheme to implement Blue Economy. Policies that are made by government officials to implement and explore untapped areas. The role of maritime Transport, Fisheries and marine tourism which will open up new opportunities and challenges for entrepreneurs. It will try to investigate the Opportunities and challenges faced by entrepreneurs to make India a $5 trillion economy. |
| Keywords: | Blue Economy, Entrepreneurs, Opportunities, Challenges |
| Cite Article: | "BLUE ECONOMY: THE ROAD TO 5 TRILLION ECONOMY", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 4, page no.204 - 208, April-2023, Available :http://www.ijrti.org/papers/IJRTI2304034.pdf |
| Downloads: | 000205174 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2304034
Registration ID:185641
Published In: Volume 8 Issue 4, April-2023
DOI (Digital Object Identifier):
Page No: 204 - 208 Country: BAREILLY, UTTAR PRADESH, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2304034 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2304034 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
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