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“Blue economic policies of littoral nations in the Indian Ocean are essential to the Indo-Pacific’s future as a global economic center”. Examine the role of these policies in promoting sustainable maritime resource management and economic growth in the Indo-Pacific region.

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Category: Economy (GS -III),

Test Date: 18 Nov 2024

Approach:

  • Introduction: Define Blue Economy: Economic activities that depend on ocean resources for sustainable growth, including fisheries, renewable energy, maritime trade, and eco-tourism.
    • Briefly introduce the Indo-Pacific region and its significance as a future global economic center, emphasizing its maritime resources, strategic location, and growing economic importance.
  • Significance of Blue Economic Policies in the Indo-Pacific: Sustainable Resource Management; Maritime Trade and Connectivity; Economic Growth; Climate Change Mitigation
  • Challenges in Implementing Blue Economic Policies: Environmental Degradation; Geopolitical Tensions; Technological and Financial Constraint; Unequal Benefits
  • Wrap up your answer with way forward
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