What does India's "Blue growth" refer to?

India's "Blue Growth" or "Blue Economy" refers to a long-term strategy for the sustainable development of marine and maritime sectors. It emphasizes the sustainable use of coastal and marine resources to drive economic growth and improve livelihoods while ensuring the environmental health of ocean ecosystems [4]. This paradigm complements the "Green Economy" by focusing on sectors like aquaculture, deep-sea fishing, maritime transportation, and marine tourism. In India, this strategy is integrated into the restructured Blue Revolution scheme (2015-20), which focuses on the integrated development and management of fisheries, including inland and marine resources [2]. The concept aligns with UN Sustainable Development Goal 14, aiming to transition from simple resource exploitation to a philosophy of stewardship and resilient economic growth. It is a critical component of India's vision for a developed nation by 2047.

Sources

1. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 9: Agriculture > Recent Initiatives taken by the Government: > p. 346
2. [4] https://www.sciencedirect.com/science/article/abs/pii/S0308597X19304142
3. [1] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 9: Agriculture > BLUE REVOLUTION > p. 83