India, Oct. 25 -- India is the third-largest fish-producing country globally, responsible for about 8 per cent of total global production. However, it remains far below its actual potential. With its 11,000 km coastline, India has enormous scope to harness its blue wealth. Yet, for decades, the country has scratched only the surface of its marine resources. A report by NITI Aayog, "India's Blue Economy: Strategy for Harnessing Deep-Sea and Offshore Fisheries," signals a long-overdue course correction.
The report rightly identifies the markers for growth and presents a blueprint for the future course that could drastically change the economy of the country, especially that of coastal areas, providing employment and food security to millions...