{"id":50728,"date":"2019-07-30T16:42:58","date_gmt":"2019-07-30T11:12:58","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?page_id=50728"},"modified":"2019-07-30T16:43:08","modified_gmt":"2019-07-30T11:13:08","slug":"answered-ocean-resources-in-indian-ocean-can-boost-indias-economic-and-social-progress-comment","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-ocean-resources-in-indian-ocean-can-boost-indias-economic-and-social-progress-comment\/","title":{"rendered":"[Answered] \u201cOcean resources in Indian Ocean can boost India\u2019s economic and social progress.\u201d Comment."},"content":{"rendered":"\n
Demand of the question<\/strong>
Introduction. <\/strong>Contextual Introduction.
Body. <\/strong>How oceanic resources can help India\u2019s socio-economic growth.
Conclusion. <\/strong>Way forward. <\/td><\/tr><\/tbody><\/table>\n\n\n\n

India has an exclusive Economic Zone (EEZ) of 2.02 million sq.km and a long coastline of 8,118 km with rich and diverse marine living resources. Government of India is promoting ‘Blue Growth Initiative’ which focus on utilisation of wealth from the marine and other aquatic resources of the country for improving the lives and livelihoods of fishermen and their families.<\/p>\n\n\n\n

Unexploited Important Oceanic\nresources in Indian Ocean:<\/strong><\/p>\n\n\n\n

  1. Fishery: <\/strong>Marine fisheries wealth around\nIndian coastline is estimated to have an annual harvestable potential of 4.4\nmillion metric tonnes. <\/li>
  2. Minerals: <\/strong>Indian Ocean contain vast amount of\nminerals, including the cobalt, zinc, manganese and rare earth materials. These\nminerals are needed for electronic industry to make smart phones, laptops and\ncar components etc. This can help Make in India initiative.<\/li>
  3. Energy resources: <\/strong>The main energy resources present in\nIndian Ocean are petroleum and gas hydrates. Petroleum products mainly includes\nthe oil produced from offshore regions. Gas hydrates  are unusually compact chemical structures\nmade of water and natural gas. <\/li>
  4. Salts: <\/strong>Seawater contain economically useful salts such\nas gypsum and common salt. Gypsum is useful in various industries. <\/li>
  5. Manganese Nodules and Crusts: <\/strong>Manganese nodules contain\nsignificant concentrations of manganese, iron and copper, nickel, and cobalt\nall of which have a numerous economic uses.<\/li><\/ol>\n\n\n\n

    Importance of these resources in\nIndian socio-economic progress:<\/strong><\/p>\n\n\n\n

    1. Sustainable development: <\/strong>Marine resources from Indian Ocean can\nserve as the backbone of India\u2019s economic growth and can help India to become a\n5 trillion dollar economy by 2022. Blue economy, through sustainable use of\noceans, has great potential for boosting the economic growth.<\/li>
    2. Employment generation:<\/strong> It will provide jobs, improved\nlivelihoods to many. This will help in inclusive growth. E.g improving fishery\nresources exploitation can provide livelihood to many.<\/li>
    3. Food security: <\/strong>It will lead to food security\nthrough fishery sector and other sea food resources. It would also help in\nreducing malnutrition issue in India as fishes are good source of nutrition.<\/li>
    4. Energy security: <\/strong>It will help in diversification of\nenergy resources and will provide new resources for energy e.g. gas hydrates.<\/li>
    5. Efficient transportation and\nlogistics: <\/strong>Indian\nOcean is a major gateway of trade with 80% of global oil trade happening\nthrough it. Better connectivity in the region will significantly cut the\ntransport cost and will reduce logistics inefficiencies.<\/li>
    6. Women empowerment: <\/strong>It will help in women empowerment\nespecially fishery sector by providing them jobs. As these jobs do not require\nhigh skills, women will find it easy to earn a livelihood.<\/li>
    7. Climate Change:<\/strong> Oceans provide an alternate and\nmore cleaner source of energy. It also act as an important carbon sink. This\nwill help in mitigating climate change.<\/li><\/ol>\n\n\n\n

      Sustainable Development Goal (SDG 14), calls to\nconserve and sustainably use the oceans, seas and marine resources for\nsustainable development. India should expedite its efforts to exploit oceanic\nresources in Indian Ocean. What is required is use of technology to exploit\noceanic resources in Indian Ocean. India has rightly launched O-SMART scheme\naiming at regulated use of oceans, marine resources for sustainable development\nin this direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Demand of the question Introduction. Contextual Introduction. Body. How oceanic resources can help India\u2019s socio-economic growth. Conclusion. Way forward. India has an exclusive Economic Zone (EEZ) of 2.02 million sq.km and a long coastline of 8,118 km with rich and diverse marine living resources. Government of India is promoting ‘Blue Growth Initiative’ which focus on… Continue reading [Answered] \u201cOcean resources in Indian Ocean can boost India\u2019s economic and social progress.\u201d Comment.<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":49132,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-50728","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/50728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=50728"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/50728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/49132"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=50728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}