Journey of Viksit Bharat@2047 a ‘maritime voyage’: Navy Chief

Key Highlights

• As we know, 95 per cent of our trade occurs via sea routes, and around 90 per cent of the world’s trade volume depends on them.
• We are geographically blessed as our country is surrounded by oceans on three sides, and it is our responsibility to keep them free from any deterrence,” Admiral Tripathi said while addressing students at the CCL’s Darbhanga House conference hall.
• The Indian Navy is the first responder in the Indian Ocean region and is being recognised as such by the world today, he said.
• “The blue economy currently contributes only 4 per cent to our economy, which is very small, and it should be augmented to double digits to align with the vision of Viksit Bharat,” the Navy chief stressed.
• Another important fact is that 88 per cent of our energy requirements come from seas, and if crude oil prices increase by USD one per metric tonne, India ends up paying an extra Rs 10,000 crore, he said, adding this is the kind of impact that makes maritime domain security so important.