• Puja Jaiswal

The importance of seaways has increased as international trade has expanded. As far as the Indian subcontinent is concerned, shipping plays an important role in the transport sector of India's economy. Maritime transport, which plays a vital role in the development of the country, comprises ports, shipping, shipbuilding and ship repair, and inland water transport systems. According to the Ministry of Shipping, Government of India, approximately 95% of the India’s trade by volume, and 70% by value, is moved through maritime transport. India is among the top 20 leading countries having large number of merchant fleets in the world. The Gross Tonnage (GT) under the Indian flag was 10.1 million GT as of 1.09.2010, with as much as 1029 ships in operation. The growth of Indian economy is dependent upon growth in international trade, and hence the great importance attached to the growth of seaport infrastructure. GDP in India is dependent upon exports as they account for a major percentage of the GDP. International trade is growing both by way of Exports and Imports through seaways. Hence, Seaways provide ample opportunities for the growth of Indian Economy.

seaways, Indian Economy, Shipping industry, Sea routes, Economic Development, Export, Import, GDP

"Indian Economy: It’s brightest future with seaways", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 10, page no.a357-a365, October-2021, Available :http://www.jetir.org/papers/JETIR2110046.pdf

"Indian Economy: It’s brightest future with seaways", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 10, page no. ppa357-a365, October-2021, Available at : http://www.jetir.org/papers/JETIR2110046.pdf