{"id":4001,"date":"2026-09-04T08:09:48","date_gmt":"2026-09-04T08:09:48","guid":{"rendered":"https:\/\/kingmakersiasacademy.com\/current-affairs\/?p=4001"},"modified":"2026-09-05T08:14:18","modified_gmt":"2026-09-05T08:14:18","slug":"blue-economy-and-marine-fish-resource-accounting","status":"publish","type":"post","link":"https:\/\/kingmakersiasacademy.com\/current-affairs\/blue-economy-and-marine-fish-resource-accounting\/","title":{"rendered":"Blue Economy and Marine Fish Resource Accounting\u00a0"},"content":{"rendered":"<h2><\/h2>\n<table>\n<tbody>\n<tr>\n<td>\n<blockquote><p><b>SYLLABUS: Indian Economy, Environment, Agriculture &amp; Allied Sectors.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><b>General Studies \u2013 III: <\/b><span style=\"font-weight: 400;\">Indian Economy and issues relating to planning, mobilization of resources, growth and development. Conservation, environmental pollution and degradation. Economics of animal-rearing.\u00a0<\/span><\/p><\/blockquote>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>IN NEWS:<\/b> <b>New Delhi to quantify ocean wealth, climate risks in new accounting push<\/b><\/p>\n<p><b>QUESTION: <\/b><b>What is the significance of assigning a monetary value to marine fish resources? Discuss its role in promoting sustainable fisheries and the blue economy in India. (10 Marks, 150 Words)\u00a0<\/b><\/p>\n<p><b>ANSWER: <\/b><span style=\"font-weight: 400;\">India has initiated <\/span><b>Marine Fish Resource Accounting<\/b><span style=\"font-weight: 400;\"> under the <\/span><b>UN System of Environmental-Economic Accounting (SEEA)<\/b><span style=\"font-weight: 400;\"> framework, treating marine fish stocks as <\/span><b>natural capital assets<\/b><span style=\"font-weight: 400;\"> and assigning them a monetary value. This marks a shift from measuring annual fish production to assessing the long-term wealth and sustainability of marine resources.<\/span><\/p>\n<h3><b>Significance of Assigning Monetary Value to Marine Fish Resources<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Recognises fish stocks as natural capital:<\/b><span style=\"font-weight: 400;\"> Moves beyond catch statistics to assess whether marine resources are being depleted, maintained, or regenerated.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Supports evidence-based policymaking:<\/b><span style=\"font-weight: 400;\"> Enables scientific determination of catch limits and sustainable harvesting levels.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Captures environmental costs:<\/b><span style=\"font-weight: 400;\"> Quantifies losses arising from overfishing, habitat degradation, pollution, and climate change.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strengthens national accounting:<\/b><span style=\"font-weight: 400;\"> Integrates marine wealth into environmental-economic accounts alongside forests, minerals, and water resources.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improves inter-generational equity:<\/b><span style=\"font-weight: 400;\"> Ensures present exploitation does not compromise future livelihoods.<\/span><\/li>\n<\/ul>\n<h3><b>Role in Promoting Sustainable Fisheries<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps identify vulnerable fish stocks and regions requiring conservation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports <\/span><b>ecosystem-based fisheries management<\/b><span style=\"font-weight: 400;\"> and stock restoration programmes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Facilitates monitoring of climate-induced changes in marine ecosystems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Encourages responsible fishing practices and reduces overexploitation of resources.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports India&#8217;s commitments under <\/span><b>SDG 14 (Life Below Water)<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p><b>Example:<\/b><span style=\"font-weight: 400;\"> NITI Aayog estimates India&#8217;s EEZ resource potential at around <\/span><b>7.16 million metric tonnes<\/b><span style=\"font-weight: 400;\">, while warning against overexploitation of deep-sea resources.<\/span><\/p>\n<h3><b>Role in Strengthening the Blue Economy<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports India&#8217;s ambition of developing a <\/span><b>$100-billion Blue Economy by 2030<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assists in balancing competing uses of ocean space\u2014fisheries, ports, tourism, offshore energy, and coastal infrastructure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhances investor confidence through better valuation of marine assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promotes sustainable exports and coastal livelihood security.<\/span><\/li>\n<\/ul>\n<h3><b>Government Initiatives<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pradhan Mantri Matsya Sampada Yojana (PMMSY)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fisheries and Aquaculture Infrastructure Development Fund (FIDF)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sagarmala Programme<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deep Ocean Mission<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Blue Economy Policy Framework of India<\/b><\/li>\n<\/ul>\n<h3><b>Challenges<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited species-wise biomass data and stock assessments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficulty in valuing migratory and regenerative marine resources.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Climate change and ocean warming create uncertainty in future stock values.<\/span><\/li>\n<\/ul>\n<h3><b>Conclusion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Marine fish resource accounting represents a transition from <\/span><b>\u201cmeasuring production\u201d to \u201cmeasuring sustainability.\u201d<\/b><span style=\"font-weight: 400;\"> By integrating ecology with economics, it can improve fisheries governance, protect marine biodiversity, strengthen coastal livelihoods, and ensure that India&#8217;s blue economy grows within ecological limits.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<blockquote><p><b>PYQ REFERENCE UPSC 2018<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Q. \u201cD<\/span><i><span style=\"font-weight: 400;\">efine blue revolution, explain the problems and strategies for pisciculture development in India.\u201d<\/span><\/i><\/p><\/blockquote>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>SOURCE: <a href=\"https:\/\/epaper.thehindu.com\/ccidist-ws\/th\/th_international\/issues\/202599\/OPS\/G0FGEVBRG.1+GVEGEVCBU.1.html\" target=\"_blank\" rel=\"noopener\">The Hindu e-paper &#8211; New Delhi to quantify ocean wealth, climate risks in new accounting push<\/a><br \/>\n<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYLLABUS: Indian Economy, Environment, Agriculture &amp; Allied Sectors.\u00a0 General Studies \u2013 III: Indian Economy and issues relating to planning, mobilization [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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