Can India Become The World's NEXT Shipping Superpower? | World News | India vs China

Can India Become The World's Next Shipping Superpower? | World News | India vs China | India | News |

India’s Bold $30B Maritime Gamble under the PM Modi government! Did you know India, despite being the 5th largest economy, holds just 0.05% of the global shipbuilding market? The Modi government’s ₹30,000 crore plan aims to change that, with a mission to rival China, South Korea, and Japan as a shipbuilding powerhouse. New ports, green ships, and a maritime revolution, can India dominate the seas by 2047? Will such a massive project improve India’s trade connectivity and boost the Indian economy by connecting it to global supply chains? How will this impact India China trade ties and India vs China tensions? Watch this Inconnect News story for more details!

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Can Shipbuilding Help The Indian Economy Rule World Trade |
India, with its 7,000 km coastline and strategic location, shockingly holds just 0.05% of the global shipbuilding market, despite being the 5th largest global economy. This glaring disparity has sparked an ambitious ₹30,000 crore initiative by the Narendra Modi government to transform the Indian shipbuilding industry. The plan aims to elevate India shipbuilding to the top 10 globally by 2030 and the top 5 by 2047.

Can Shipbuilding Make India The New Economic Superpower |
While China dominates the shipbuilding market with a staggering 51% share, followed by South Korea and Japan, India vs China comparisons in this sector reveal a stark contrast. China’s success under Xi Jinping has driven its maritime dominance, whereas shipbuilding in India has been overlooked for decades. But this is set to change with India’s focus on Make in India initiatives, including expanding Cochin Shipyard and Mazagon Dock Shipbuilders, critical hubs for the Indian Navy.

How Mega Ship Building Project Can Boost The Indian Economy |
The Modi government’s plan includes six deep-water ports, two transshipment hubs, and subsidies of up to 30% for green and hydrogen-powered vessels. This aligns with India’s commitment to becoming a superpower and achieving net-zero carbon emissions by 2075. Experts argue that India shipping investments will have a ripple effect, boosting the Indian economy and making India superpower aspirations a reality.

How Mega Shipbuilding Projects Can Transform The Indian Economy |
Can India shipbuilding catch up with giants like China? Will Modi’s bold ₹30,000 crore gamble redefine China India dynamics? Share your thoughts in the comments and follow Inconnect News Insights for the latest updates for UPSC preps and all world news.

Here are a few questions, leave a comment and have your say:
Can India challenge China’s dominance in shipbuilding?
Is India’s $30B bet the key to global maritime power?
Will India become a top shipbuilding giant by 2047?
How will India’s shipbuilding boom reshape global trade?
Can India’s bold plan revolutionise its economy?

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