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  • India eyeing $250 billion maritime economy by 2024

    India eyeing $250 billion maritime economy by 2024

    The commissioning of the ships was conducted at the GRSE where the defence secretary, Dr Kumar, said, “With a target of becoming a five trillion dollar economy by 2024, we are looking at over 250 billion dollars coming from the maritime zone. The responsibility of the Indian Coast Guard is to protect this billion dollar economy. The maritime economy constitutes nearly five per cent of the world economy. The focus for economic activities is on the oceans since land resources are depleting.”

    January 13, 2020